Fund III increases the firm’s assets under management to more than $8 billion
Franklin Templeton has made several leadership appointments, the global investment firm announced today.
The retirement fund made up to $170 million in alternatives commitments last week.
The investment consulting firm promoted one of its investment analysts to consultant.
The retirement system swapped out its domestic small-cap value manager in February.
The retirement fund placed domestic small- to mid-cap value and international small-cap equity managers on watch last month.
The retirement system diversified its previously all-passive domestic large-cap equity portfolio with the addition of an active large-cap core mandate.
The pension system added a commitment to the next fund in an existing relationship with Silver Hill Energy Partners.
The retirement fund replaced its small-cap value and small- to mid-cap growth mandates with a pair of core managers last month.
The fund close brings total capital raised since inception to $9 billion.