Alternatives
The plan committed to three private equity funds following finalist interviews at a meeting today.
The plan also narrowed its general investment consultant search to two finalists.
The commitments include first time investments with three managers.
The plan also added several new equity managers to the program.
The fund will consider adding international equity, private equity co-investment and private credit secondaries strategies to its portfolio this week.
The firm has raised $100 million for its second early-stage venture fund, which invests in gaming and consumer internet startups.
A venture capital firm has launched its inaugural fund focused on property technologies that improve the global real estate sector.
The system approved a commitment to a new private equity manager within its endowment at its board meeting in September.
The new portfolio manager focused on private equity will replace a team member who left this summer to join a Mid-Atlantic nonprofit.
The plan’s consulting contracts are slated to expire in the first quarter of 2025.
