Alternatives
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The plan recently made five real assets and venture capital commitments.
The pension fund added $11 million in non-core real estate commitments at today’s board meeting.
The plan committed $80 million across four funds to complete a recent search in the private equity space.
The plan is considering commitments to four private equity funds and one credit strategy.
Plan committed up to $17.5 million across two first-time funds last month.
A total of three funds were hired as part of a private credit pacing plan.
A new study finds that endowments and foundations’ investment expectations are muted given an uncertain market environment, while they anticipate alternatives having an increased role in portfolios.
Retirement fund made real estate debt and private equity commitments at the end of the third quarter.
The commitments include private credit, infrastructure, farmland and real estate.