Private Equity
The pension plan also made two private equity commitments totaling up to $80 million in June.
The firm held the final close of its oversubscribed third private equity fund at its hard cap of $750 million, surpassing its $550 million target and the $408 million raised by its predecessor fund.
The plan is also considering adding risk mitigating strategies.
The retirement system’s board also approved up to $250 million across private markets commitments at today’s meeting.
TCGX Fund III closes with $1.3 billion in capital commitments.
The fund received roughly $11.8 billion in external commitments.
The retirement fund disclosed eight commitments totaling $1.1 billion in July.
The hire concludes an RFP process that began in January.
The private equity firm’s second fund closed at its $260 million hard cap.
The retirement system also recently made two private markets commitments.