Alternatives
The council laid out plans to achieve an interim target by 2035.
The plan also made a direct lending commitment in the fourth quarter.
HBCUs can benefit from access to best-in-class liquidity management tools, a higher risk tolerance to optimize their long-term returns and additional opportunities to engage with managers, according to the study.
The system will consider making a growth private equity commitment at its Feb. 1 board meeting this month.
The system is searching for a director to help oversee and manage its portfolio with a focus on private equity.
The fund approved private equity and private credit commitments with existing managers as recommended by its general investment consultant last week, with more recommendations expected in the coming months.
The plan is expected to issue a private equity manager RFP in the next few months.
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.