Private Equity
The plan also delegated investment authority to its executive director.
The commitment was made based on the plan’s current allocation and future cash flow assumptions.
The plan added a pair of private equity commitments and another to a credit opportunities fund.
The hires followed closed session deliberations.
The manager added a venture partner to help source and support fintech and infrastructure investments as well as deepen relationships across founders, corporates and investors.
The institution will consider approving up to four financing agreements with startup companies recently launched from its ecosystem through its accelerator fund at its October board meeting.
The firm has entered into an agreement to acquire 100% of a venture platform that invests across all stages of the venture capital lifecycle in a deal that is expected to close in the first quarter of 2026.
Private markets funds are set for 70% growth by the year 2030 with private equity expected to be a key driver of that expansion, according to a recent analysis.
The firm recently held the final close of its private equity strategy that aims to invest in large-scale wetland, stream, water quality, biodiversity and habitat mitigation and restoration projects across the U.S.
Amberjack Capital Partners represents the final investment in Grafine Partners’ inaugural seeding strategy, which closed with approximately $600 million in total capital commitments last year.