Alternatives
The tribe’s growth fund, which handles investments in energy, real estate and private equity, announced the launch of a new subsidiary to make majority and minority private equity investments in lower middle market companies.
The institution approved committing up to $20 million to an existing private equity manager with an additional co-investment with the firm at its investment committee meeting late last month.
The plan expects to conduct an RFP for private debt managers for pacing purposes.
The firm has expanded its private equity team with the appointments of a managing director and director to help originate, structure and manager investments.
The foundation approved a commitment to a buyout private equity strategy with a new investment manager in the second quarter.
The pension plan recently committed approximately $2.2 billion total to eight funds and terminated an existing credit strategy.
The plan made hires following finalist interviews last week, concluding two RFP searches.
The plan made three follow-on commitments at this week’s board meeting.
The retirement system made $275 million in new alternatives commitments in recent months.
The plan disclosed an up to $20 million private credit commitment last month.