Private Equity
The pension plan considered two commitments totaling up to $80 million last week.
The pension finalized three commitments totaling $125 million last week.
A university based in a Southern state has added two alternative investments to its approximately $2.3 billion portfolio.
The plan also lost its executive director to a neighboring retirement fund.
The commitments made earlier this month include a first-time manager for the plan.
The retirement system added $350 million in alternatives commitments in the first quarter.
The plan added the firm to complement its existing domestic small- to mid-cap core equity manager.
The fund was oversubscribed and surpassed its fundraising target.
The overall slowdown in private markets commitments did not stop two Black-owned firms from closing funds as early-stage venture capital firms Collab Capital and Zeal Capital Partners recently announced closes for their respective second funds.