Alternatives
The plan bolstered its private real assets portfolio with three commitments today.
The pension plan is recommending removal of exposure to Clearlake Capital Group within Pathway Capital Management’s portfolio.
The endowment is seeking firms with open-end, evergreen funds to manage an approximately $75 million allocation and will give preference to firms with experience in direct investments, co-investments and secondary transactions.
The plan finalized private equity and private credit commitments totaling up to $75 million in February.
The pension plan approved a pair of real estate commitments that fall in line with its annual pacing plan.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The pension fund approved a pair of commitments that are in line with the pacing plan for 2026.
A new report shows private equity deals require sharper value creation, a clearer, data-backed edge and faster earnings before interest, taxes, depreciation and amortization growth.
The firm closed its first real estate fund with more than $350 million in commitments from a diverse set of institutional investors that includes foundations, pension funds, registered investment advisors, family offices, banks and their clients.
The plan also disclosed $250 million in commitments at today’s meeting.