Private Equity
The pension plan recently hired three private debt managers as part of an ongoing search.
The plan also funded a new internally managed enhanced index fund.
The plan was informed of staff-delegated alternatives commitments totaling $1.5 billion at its board meeting last week.
The firm will manage an initial $150 million allocation for the fund.
The retirement system approved private equity commitments across two managers at today’s board meeting.
The retirement system’s director of public equity was also honored before his retirement later this month.
A trust fund based in a Western state has approved the addition of a private equity fund-of-one, a real estate strategy and a custom, multi-asset alternative mandate to its portfolio.
A university based in a Southern state approved commitments to a private equity buyout fund and a venture capital fund, with plans to add more later this year.
The manager represents a new relationship for the retirement system and the first commitment in its annual pacing plan.
The pension fund hopes to make a commitment in its infrastructure secondaries search this month after narrowing it to three firms.