Alternatives
The plan has begun its search for private equity, private credit and real assets consultants.
The plan approved commitments to two core infrastructure funds and one new core real estate manager relationship.
Private credit’s increasing popularity makes for opportunity for investors as the alternatives market is expected to grow, according to a recent webinar.
The foundation has committed to a private equity micro-buyout fund that recently held its first close.
The pension plan added a private credit commitment alongside private equity and real estate co-investments in July.
A university foundation based in a Western state has approved several commitments, including allocations to opportunistic credit and venture capital strategies.
The retirement association interviewed a total of six firms last month.
The investment firm, which was founded this year, closes its inaugural private equity fund $50 million above its target fundraise in less than five months.
The commitment was made in accordance with a 2024 pacing plan.
The plan committed $70 million total across three funds in the last several months.