Private Equity
The private equity fund acquired two companies prior to its final close.
The plan is seeking firms that offer North American-focused fund-of-funds.
The plan made a follow-on commitment to a U.S. defense sector specialist.
The firm has closed its oversubscribed third growth equity fund with more than $275 million in commitments.
The pension plan made private equity commitments with two existing manager relationships and one new manager relationship this week.
The pension plan recently committed up to $75 million to an existing hedge fund manager relationship and tweaked its private equity sub-asset class targets.
The pension plan will aim to commit $3.1 billion total to private equity and opportunistic/diversified strategies in fiscal year 2025.
The plan rehired firms and made one new hire in its search launched last summer.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The plan also disclosed two staff-delegated investments at a meeting yesterday.