Daily Feed
The firm will manage approximately $6.4 million in an initial investment account.
Fund II targets management buyouts of asset-light financial services businesses and closed with $652 million in equity capital commitments.
Paul Mouchakkaa joins Crow Holdings Capital as a senior managing director.
The commitments include three new manager relationships for the pension plan.
The retirement system hired two firms to manage its 51% private markets portfolio.
Dillingham Jr. partners with nonprofit organizations across the U.S. to manage and grow their endowments, as well as working with clients on their philanthropic and planned giving objectives.
The plan’s current private markets co-investment manager will see its contract expire at the end of the year.
The plan’s current real assets consultant will see its contract expire this year.
The current executive director has been with the retirement system for a decade.
The fund surpassed its initial target of $2.5 billion.