Alternatives
The commitments include four new managers for the plan.
The Lone Star pension system added a pair of private equity commitments totaling $45 million in recent months.
The plan will seek full board approval for two private markets commitments next month.
The pension plan approved four commitments totaling $110 million and 2024 real estate and real assets pacing plans yesterday.
The global alternatives manager has hired a managing director focused on secondaries to bolster its secondaries, governance, reporting and client partner team.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
The sustainable investment platform made a strategic minority investment in a minority and woman-owned middle market private equity firm and the investment will provide growth capital to enhance the firm’s infrastructure, capital base, human capital and overall resources.
The plan made an up to $15 million commitment following finalist interviews held last month.
The commitments include two first-time managers for the plan.
The plan approved three commitments, including two re-ups, at its meeting last week.
