Private Equity
Five total firms were interviewed at a board meeting yesterday.
The fund received a total of six bids in its private markets consultant search.
The retirement system recently added four private markets commitments totaling $32.6 million.
The pension plan approved two commitments to private equity and real estate at a meeting today.
The firm has sold its stake in a private equity manager, which has seen its assets under management quadruple to approximately $20 billion over the last seven years.
The pension plans had been expected to move a portion of a previously terminated U.S. all-cap value equity mandate to the new small-cap value manager.
A private equity firm focused on the manufacturing and industrial sectors has raised a second fund with commitments from endowments, family offices and outsourced cios.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The university system approved a venture commitment targeting late-stage and growth companies across tech-enabled consumer companies.
An early-stage venture capital fund spun out of a university’s incubator announce its first close with $10 million in committed capital.