Alternatives
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.
The plan also recently added two public markets managers to its watch list.
The retirement plan made two commitments following finalist interviews yesterday.
The schools are reviewing a potential private equity partnership that would see approximately $2.4 billion invested in the conference in return for a 10% stake.
The commitment was made based on the plan’s current allocation and future cash flow assumptions.
The plan added a pair of private equity commitments and another to a credit opportunities fund.
The hires followed closed session deliberations.
The retirement fund approved five total RFPs as part of private equity and private credit pacing plans in July.
The manager added a venture partner to help source and support fintech and infrastructure investments as well as deepen relationships across founders, corporates and investors.
The institution will consider approving up to four financing agreements with startup companies recently launched from its ecosystem through its accelerator fund at its October board meeting.