Private Equity
The plan approved two commitments for pacing purposes.
The pension system made its third commitment to private credit this year at today’s board meeting.
A trust fund based in a Western state has added a re-up investment with a private equity growth fund series.
The transaction will more than double Clearlake Capital Group’s assets under management.
The plan also made two private credit commitments in September.
The retirement plan approved two private equity commitments totaling $13.25 million in the third quarter.
The plan will look to commit up to $400 million to a private equity fund at its board meeting later this month.
The firm made a strategic minority investment in private market secondaries manager Coller Capital as it looks to expand into private markets.
The commitment to an existing investment manager was made as the fund is underweight its strategic target to the asset class.
The pension plan disclosed commitments totaling roughly $778 million in the third quarter.