Alternatives
The commitments were made under the plan’s delegated authority.
The commitments were made in closed session at this week’s board meeting.
The plan made three credit-focused commitments with existing manager relationships.
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.
The search is open to North American focused private equity fund-of-funds.
The plan made five commitments with existing manager relationships.
The RFP will be issued on the plan’s website “shortly.”
The fund will consider hedge fund and infrastructure commitments to help reach its target asset allocation at its May 31 board meeting.
The commitments represent new manager relationships for the council.
The commitments include a new manager relationship and a follow-on.