News
Extensive and timely coverage of the institutional industry.
The plan committed $910 million total to one new manager and two existing managers this week.
The commitment will fit into the debt-related special situations bucket of the plan’s private equity portfolio.
The plan disclosed two private equity commitments and its exposure to the bankrupt cryptocurrency exchange yesterday.
The firm added two operating partners to work with management and investment teams to build value with its portfolio companies.
The city, which has been reinvesting matured investments in the State of California’s Local Agency Investment Fund, hired a firm in September.
The firm closed its third commercial real estate debt fund with $600 million.
The plan is looking for non-core fixed-income strategies enhance its portfolio.
The plan is conducting the search to comply with state procurement laws.
The plan moved an emerging markets equity mandate to a passive account while it determines its long-term direction for the assets, which could ultimately remain passive.
The city is also looking to establish a deferred compensation committee as part of the RFP process.