Private Equity
The retirement system selected three absolute return managers and two real estate managers for possible inclusion within its investment lineup last week.
The retirement system approved a private equity commitment with an existing manager relationship last month.
The retirement board also placed one of its private equity fund-of-funds managers on watch this week.
The pension plan approved private equity commitments totaling $2.5 million in the third quarter.
The retirement system also added two private credit commitments in the third quarter.
The pension plan added $79 million in commitments this week.
The search follows the plan’s decision to introduce a 5% dedicated private credit target allocation yesterday.
The pension plan will also receive a staff recommendation to place one of its private equity fund-of-funds managers on watch this week.
The fund approved issuing RFPs for infrastructure strategies and private equity strategies in December at its November board meeting.
The largest university and college endowments experienced double-digit gains in two consecutive years drive by a return to long-term trends like large private equity allocations.