Private Equity
The plan added two private equity commitments and announced the departure of an assistant senior investment officer for real estate at its board meeting yesterday.
A plan in the Mid-Atlantic region made a $7 million commitment to a private equity fund this week.
A Western health trust fund has posted an RFP for investment consulting services.
A university in New England approved a private equity commitment within its endowment at the recommendation of its new investment consultant last month.
The plan will issue an RFP in the spring for domestic small-cap equity managers.
The plan will hire five emerging managers-of-managers to oversee $1 billion.
The fund will invest in a global portfolio of secondary assets, primary blue chip private equity funds and co-investments diversified by manager, geography, stage and vintage with an attractive private equity risk/reward profile.
The new Co-President will oversee the firm’s internal functions.
Lightyear makes control investments in North America-based, middle market financial services companies.
Plan is mulling a new allocation to global credit as part of a review of its fixed-income portfolio.