Alternatives
The plan terminated the firm after placing it on watch for underperformance last year.
As healthcare industry assets continue to grow, investment professionals have reaped the benefits of private equity opportunities and will focus on venture capital, technology-related assets and diversity, equity and inclusion initiatives to fuel further growth, according to a recent webinar.
The plan approved two venture capital commitments at an investment committee meeting last month.
The plan approved a three-year contract extension with its investment consultant and a commitment with an existing venture capital manager.
The plan disclosed two private markets commitments in May.
The plan has begun its search for private equity fund-of-funds managers following its May approval.
A senior portfolio manager at the Texas Treasury Safekeeping Trust Company left to join TSG Consumer Partners as a managing director of investor relations last month.
Preqin has appointed a head of ESG to further develop its ESG product suite and work with external stakeholders to support the alternative assets industry in navigating the ESG reporting landscape.
The plan added a private credit commitment with an existing manager and named its new executive director today.
The plan expects that the selected firm will handle an up to $20 million mandate.