Real Assets
The transaction will more than double Clearlake Capital Group’s assets under management.
The retirement plan hired two managers to fill its maiden 7% target to other real assets in the second quarter.
The plan’s general investment consultant will search for a new active international equity manager in the near future.
The pension plan disclosed commitments totaling roughly $778 million in the third quarter.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The retirement board made $250 million in total commitments over the last two quarters.
The plan added commitments with two new hedge fund managers and two existing real estate managers this summer.
The university also made redemptions from domestic and emerging markets equity managers.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.