Alternatives
The plan made $650 million in total private markets commitments during the first quarter.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The pension plan approved three commitments with an existing manager relationship last week.
The plans approved commitments with two existing manager relationships last week.
The commitments were made under the plan’s delegated authority.
The commitments were made in closed session at this week’s board meeting.
The plan made three credit-focused commitments with existing manager relationships.
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.
The search is open to North American focused private equity fund-of-funds.
The plan made five commitments with existing manager relationships.