Private Equity
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.
The hire concludes an RFP search launched as part of an investment consultant strategy in March.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.
The pension plan selected nine real assets equity managers for possible inclusion within its investment lineup today.
The fund recently closed its third healthcare services buyout fund above its original fundraising target of $650 million.