Private Equity
The pension plan terminated a roughly $360.5 million emerging markets equity mandate last month.
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The plan committed up to $100 million across two private equity funds this week.
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.
The retirement system also disclosed three new alternatives commitments at today’s meeting.
The newly approved asset allocation increases strategic targets to private equity and public income.
The revisions see the foundation pivoting its investment portfolio further toward growth-oriented investments, including public and private equity.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.