Private Equity
The transaction is expected to close in the second quarter.
The pension system added a commitment to the next fund in an existing relationship with Silver Hill Energy Partners.
The retirement system also approved a 2026 private markets pacing plan in January.
The fund close brings total capital raised since inception to $9 billion.
The retirement fund also reupped with its incumbent general investment consultant at today’s board meeting.
The plan bolstered its private real assets portfolio with three commitments today.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.
The pension plan is recommending removal of exposure to Clearlake Capital Group within Pathway Capital Management’s portfolio.
The endowment is seeking firms with open-end, evergreen funds to manage an approximately $75 million allocation and will give preference to firms with experience in direct investments, co-investments and secondary transactions.
The oversubscribed fund raised $1.1 billion.