Private Equity
The retirement system approved up to $320 million across two private markets commitments.
The plan also disclosed $30 million in second quarter alternatives commitments at this week’s board meeting.
The university approved forming a new for-profit company in partnership with a private equity firm to help support its athletics department.
The firm recently closed its seventh fund at its hard cap after attracting a diverse mix of institutional investors.
The fund is considering private equity and infrastructure commitments within its portfolio in December and January.
The plan also approved a recommendation to exit its midstream energy allocation.
The pension plan approved an infrastructure implementation plan at this week’s board meeting.
The pension plan recently made three commitments totaling $800 million.
The pension plan disclosed more than $500 million in private markets commitments made in recent months.
The retirement system also recently added private markets commitments totaling $26 million.