Private Equity
The retirement system divvied up $12 million between two private equity co-investment funds-of-funds.
The plan hired two firms after interviewing three finalists last month.
The plan also adopted a new strategic asset allocation at its board meeting this week.
The retirement system approved a private equity fund-of-funds commitment to an existing manager relationship at yesterday’s board meeting.
The plan approved private equity and real estate commitments at its board meeting today.
The university is searching for an investments associate or associate director to help oversee its long-term portfolio with a focus on private equity.
A consortium of nonprofits and private organizations are seeking a venture consultant to run a regional investment program for life science start-up companies.
The retirement fund terminated three managers at last month’s investment committee meeting.
The plan has now hired a total of 12 new international equity managers this year.
The commitments will target the non-coastal regions of the U.S.