Alternatives
The founder of the Simons Foundation, who previously led leading quantitative hedge fund manager Renaissance Technologies, died on May 10 in New York City at the age of 86.
The plan also terminated a bank loan manager at its March board meeting.
The pension fund is seeking buyout and special situations funds to handle an estimated $85 million allocation.
The commitments include a new manager relationship for the plan.
The firm has launched its flagship private equity decarbonization program for investors that aspire to reduce the carbon footprint of their portfolio and contribute toward achieving net-zero targets.
The global manager has finalized the second close of its fund targeting sustainably managed forestlands globally with approximately $335 million in commitments.
The firm closed its latest flagship private market fund with nearly $4 billion in commitments from nonprofits and other institutional investors globally.
The plan approved hires in its general and alternatives investment consulting searches at today’s board meeting.
The pension fund committed to private credit and private equity buyout funds.
The pair of commitments are subject to approval from the full board later this month.