Daily Feed
The pension plan’s hedge fund committee considered four commitments and a manager termination at its meeting this month.
The plan received information on a total of 15 managers at its meeting today.
The upcoming retirement was disclosed at a pension board meeting today.
The fund closed at its hard cap of $600 million in under four months.
The strategic partnership will see both firms and their funds managed independently.
The pension plan recently committed $280 million total to credit and real estate funds.
The oversubscribed fund closes with approximately $940 million in commitments.
The plan made private equity and private credit commitments for pacing purposes.
The foundation has added four investments with new diverse managers within its portfolio after adopting an investment strategy with a racial equity lens in the first quarter.