Alternatives
The retirement system also approved a search for a multi-asset credit manager at the end of August.
The commitments include two new manager relationships for the council.
The plan is looking to invest up to $35 million across the two strategies.
The plan will look to conclude its private markets consultant search next month.
The pension fund hired a pair of international growth equity managers at this week’s board meeting.
The state pension plan also committed up to $400 million across two venture capital funds at its meeting today.
The retirement system established a new 5% target to the asset class last year.
The university will consider approving up to five financing agreements with startup companies recently launched from the institution’s ecosystem through its accelerator fund.
The commitments fulfill the plan’s private markets pacing schedule this year.
The plan is seeking a fund-of-one structure to manage an initial 3% of its long-term 7% target to the asset class.