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The plan also terminated two underperforming domestic equity managers.
Higher education institutions and their athletic departments are looking to private equity to help fund new athlete revenue-sharing models and facility costs driven by mounting financial pressures from the recent House v. NCAA settlement.
The plans received three proposals in response to an RFP issued in February.
The retirement system is conducting the search for pacing purposes.
The retirement system expects to conduct finalist presentations at its January investment committee meeting.
The firm raised approximately $1.8 billion across multiple funds.
The authority has worked with its incumbent provider since 2008 and last rehired them following a similar search process launched in 2020.
The county last conducted a similar search in 2022.
The fundraise includes the successful close of Global Secondary Fund 8.
The pension fund approved the search at last week’s board meeting.