Alternatives
The retirement association interviewed a total of six firms last month.
The investment firm, which was founded this year, closes its inaugural private equity fund $50 million above its target fundraise in less than five months.
The commitment was made in accordance with a 2024 pacing plan.
The plan committed $70 million total across three funds in the last several months.
The founder and managing partner of a private family office investment firm has rejoined the university’s board for a second tenure and will help govern the institutional system and oversee the endowment.
The commitments include a $300 million commitment to a separately managed account focused on private credit emerging managers.
The pension plan’s investment committee approved four commitments totaling $275 million last week.
Plan will work with its private markets consultant to build out large buyout private equity and non-core infrastructure components within its investment portfolio.
The plan is searching for a firm to provide a variety of investment advisory, monitoring and reporting services for all private markets and alternative investment strategies.
The plan disclosed recent private equity, private credit and real estate commitments.