Alternatives
The position leads the investment strategy for the endowment’s private investments portfolio, which includes private equity buyout, growth equity, private real estate, private energy and venture capital.
The firm’s oversubscribed inaugural fund will focus on making structured minority investments in well-positioned wealth management firms throughout the U.S.
The fund approved an infrastructure commitment with a new investment manager earlier this month.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
The plan committed up to $100 million across two private equity funds this week.
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.
The retirement system also disclosed three new alternatives commitments at today’s meeting.
Managers are launching new open-end real assets funds as competition is increasing in most strategy types and firms that offer more investor-friendly fees and terms can be more competitive in searches, according to a new study.