Private Equity
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.
The firm, which seeks to lead investments in early-stage software companies at seed and series A stages, has raised more than $350 million for its inaugural fund, including a commitment from at least one large endowment.
The NAACP has launched a fund-of-funds to invest in fund managers and startups that are focused on closing gaps facing communities of color.
The commitments include two new relationships for the council.
The plan hired an emerging manager consultant this summer.
The plan will receive presentations from a credit manager and a farmland manager in the coming months.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.