Private Equity
The plan approved a commitment to one of its strongest asset class.
Plan will review additional opportunities in January after rescinding a private equity fund-of-funds commitment approved in July.
The New York-based venture capital manager has closed its oversubscribed early-stage decarbonization strategy.
The plan committed to two managers following closed session discussions.
The Western-based firm closed its inaugural fund, which invests in early-stage climate tech companies, with approximately $90 million in total commitments, above its $50 million target.
The plan committed $75 million to two existing private equity manager relationships.
The plan expects to further discuss an international developed markets equity manager search at its upcoming board meetings and recently disclosed five private equity commitments.
The plan has “small exposure” to FTX across two of its venture capital managers.
The plan has issued the RFPs after approving the searches last month.
Plan will potentially launch an RFP for an emerging markets equity manager after adding a second firm to diversify its exposure to the space this week.