Private Equity
The retirement system approved private equity commitments across two managers at today’s board meeting.
The retirement system’s director of public equity was also honored before his retirement later this month.
A trust fund based in a Western state has approved the addition of a private equity fund-of-one, a real estate strategy and a custom, multi-asset alternative mandate to its portfolio.
A university based in a Southern state approved commitments to a private equity buyout fund and a venture capital fund, with plans to add more later this year.
The manager represents a new relationship for the retirement system and the first commitment in its annual pacing plan.
The pension fund hopes to make a commitment in its infrastructure secondaries search this month after narrowing it to three firms.
The commitments include three new manager relationships for the pension plan.
The retirement system hired two firms to manage its 51% private markets portfolio.
The plan’s current private markets co-investment manager will see its contract expire at the end of the year.
The retirement plan hired several managers to move toward its new asset allocation policy.