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Regal Healthcare Capital Partners IV at $610 million of total commitments, including approximately $575 million of external commitments, on an original target of $550 million.
The board also disclosed a private equity commitment at today’s investment committee meeting.
The plan last conducted a similar search in 2021.
The authority’s investment portfolio is currently held in money market funds and various U.S. securities.
The plan also made two private markets commitments last month.
The firm’s seventh direct co-investment program surpassed its $4 billion target.
The head of U.S. real estate at UBS Asset Management departed the firm last month.
The plans currently work with general investment consultant Innovest Portfolio Solutions.
The deadline for applications in the search is July 21.
The firm will manage a total of $70 billion between the two corporate plans.