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A Midwestern public safety plan approved a new asset allocation policy that introduces maiden private equity and private debt targets at yesterday’s board meeting.
Michael Larson is in charge of managing Microsoft Corporation co-founder Bill Gates’ massive fortune for decades. Larson is the chief investment officer for the Bill & Melinda Gates Foundation. Michael Larson is in charge of Cascade Investment and was reportedly accused of sexual harassment in 2017.
The plan approved two private equity commitments at its May board meeting.
The plan is looking to invest in three North American buyout strategies.
The transaction is expected to close by July 1.
The firm appointed several new partners and equity recipients over the past year.
The plan approved a new asset allocation last month and will review potential implementation recommendation in the months ahead.
Windy City plan concluded a general investment consultant search at today’s board meeting.
The new hire will head the firm’s capital solutions activities.