Private Equity
Private markets activity is improving alongside artificial intelligence investment growth as investors lean into more complex and fragmented markets in their quest to unlock differentiated return sources.
The private equity firm closed its most recent fund with $670 million in capital commitments.
The retirement fund added $249 million in new commitment at last week’s board meeting.
The fundraise exceeded the firm’s $4.25 billion target.
The search is open to primary and secondary options.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.
The infrastructure asset class would mark a new investment for the plan.
The retirement system made venture capital commitments totaling $45 million last month.
The technologies private equity fund exceeded its $2.75 billion target.