Real Assets
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The retirement system hired five managers to each handle between $50 million and $75 million yesterday.
The plan also adopted a new strategic asset allocation at its board meeting this week.
The pension plan made three commitments totaling $187.5 million last week.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The plan last conducted a similar search in 2020.
The plan’s private markets portfolio accounts for more than half of its total assets.
The plan closed on three private markets commitments last month.
The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The firm recently closed its oversubscribed fourth fund with $999.9 million in total commitments, reaching its hard cap within four months of launch.