Private Equity
Evergreen funds have seen tremendous growth and interest in recent years, which the industry anticipates will continue as data entered in the second quarter of the year showed an uptick in commitments to these perpetual investment vehicles that provide institutions with positive attributes.
The retirement system will interview four private equity managers at an investment committee meeting this week.
The retirement plan is also expected to conduct a real estate manager search soon.
The retirement system has issued its RFP after initially approving the search in May.
The retirement plan will conduct an invitation-only search for its discretionary private equity portfolio services.
The plan also made a private credit commitment at today’s board meeting.
The firm recently held the final close for its fifth private equity fund in an oversubscribed fundraise.
The plan also terminated two underperforming domestic equity managers.
Higher education institutions and their athletic departments are looking to private equity to help fund new athlete revenue-sharing models and facility costs driven by mounting financial pressures from the recent House v. NCAA settlement.
The retirement system is conducting the search for pacing purposes.
