Private Equity
The trust fund is preparing to conduct an asset allocation study for one of its portfolios, the first since 2022, as it continues to build out its alternative asset classes, including private equity and real assets.
The private equity energy firm has closed its first-ever fund targeting investments related to nuclear facilities and companies above its $300 million fundraising target.
The plan will likely issue an RFP next year due to the contract expiration of its incumbent.
The plan is set to conduct searches for domestic large-cap growth equity, mid-cap value equity, private markets and co-investment managers due to expiring contracts.
The retirement system made three private equity commitments for pacing purposes yesterday.
The plan’s private markets committee will present two recommendations to the full board later this month.
The retirement system is searching for an investment officer to help oversee its $78 billion private equity portfolio.
The credit arm of an investment manager is acquiring a venture debt manager in a deal expected to close in the fourth quarter.
The funds surpassed their respective targets.
The plan is looking to commit $10 million to the asset class for pacing purposes.