Private Equity
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
With Founder and CIO Roger Vincent at the helm, Summation Capital is a new asset management industry fund-of-funds known for its endowment style approach to private equity investing. Read how Roger and the Summation team doing things differently.
The retirement system is seeking firms to provide private equity and private real return consulting services.
The retirement system finalized direct lending and private equity buyout commitments last week.
Private equity funds managed by Genstar Capital have agreed to make a majority investment in independent, privately owned firm First Eagle Investments.
The retirement system divvied up $12 million between two private equity co-investment funds-of-funds.
The plan hired two firms after interviewing three finalists last month.
The plan also adopted a new strategic asset allocation at its board meeting this week.
The retirement system approved a private equity fund-of-funds commitment to an existing manager relationship at yesterday’s board meeting.
The plan approved private equity and real estate commitments at its board meeting today.