Private Equity
The firm has raised $1.6 billion in total commitments across five investment vehicles focused on venture funds and technology companies behind support from new and existing investors, including foundations, endowments, pension funds, family offices and high-net-worth individuals.
The system is considering a private equity buyout commitment with a new manager within its endowment.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
The commitment is part of an annual private equity pacing schedule.
The fund has added fixed-income, bank loan, international equity and private equity investments to its endowment in recent months as it builds toward a new strategic asset allocation adopted in the first quarter.
The pension fund is seeking buyout and special situations funds to handle an estimated $85 million allocation.
The pension plan received a recommendation to hire two infrastructure managers and disclosed two private equity commitments last month.
The pension plan will consider hiring five non-U.S. equity managers and approving a new private equity portfolio structure this week.
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The firm has launched its flagship private equity decarbonization program for investors that aspire to reduce the carbon footprint of their portfolio and contribute toward achieving net-zero targets.