Private Equity
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.
The plan disclosed four commitments at its board meeting last month.
The retirement system added a direct lending commitment and three private equity commitments on July 3.
The plan also received a work plan from its newly hired general investment consultant.
The plan also terminated a long/short equity manager.
The closing represents One Rock Capital Partners’ largest fundraise to date.