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The venture capital manager held an initial close for its second fund-of-funds targeting climate-focused technology after garnering investments from nearly 40 investors.
The former Johns Hopkins cio joins as a senior partner to help shape customized investment strategies built for clients and access top institutional alternative investments.
The retirement system rehired its incumbent manager after similar searches in 2006 and 2018.
Wesley LePatner, senior managing director at Blackstone, was killed at the firm’s New York headquarters following an incident on Monday.
The retirement fund’s investment committee will interview three finalists in a $737 million search next week.
The plan issued an RFP in January due to the contract expirations of its incumbents, which all submitted bids in the search.
The searches include a maiden domestic small- to mid-cap equity mandate.
The pension plan made $665 million in total private equity/current return and real estate commitments in the second quarter.
The firm has raised $5.6 billion for KKR Asset-Based Finance Partners II.
Allocations to illiquid asset classes will provide university portfolios with stronger returns relative to public equity or bond markets over the long term, despite liquidity or spending squeezes in the short term.
