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Plan’s board committed $160 million to an existing infrastructure manager and was notified of a private equity commitment this week.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.
The fund will focus on deploying capital across existing and new platforms with trusted partners that allow for repeatable and scalable investments.
The fund targets companies in the lower middle market.
For state pensions, funded status has increased, but meeting return expectations may still be a challenge.
Gov. Laura Kelly and the Legislature are paying down more than $1 billion in pension debt at the Kansas Public Employees Retirement System.
Pennsylvania’s beleaguered pension fund for educators has hired yet another outside law firm — this time to consider suing the consulting firm that admitted botching a key profits calculation.
Appointment follows March resignation of incumbent cio.
The new office will focus on identifying and partnering with management teams of fast-growing software companies.
The transaction is expected to close in the second quarter.