Alternatives
The plan recently committed $245 million total to two private equity managers and one hedge fund manager.
A San Francisco-based private equity firm has raised $180 million from endowments, foundations and other investors.
Survey finds increased interest and adoption hedge funds and increase in defensive strategies and portfolio diversifiers.
An education system based in a Southern state has approved new investments to hedge fund, credit and real estate strategies.
The plan issued an RFP seeking a manager to handle $25 million after approving the search in April.
The three new commitments will total up to $130 million following approval from the full board later this month.
The plan disclosed two private equity commitments at a board meeting yesterday.
The commitment represents a new relationship for the plan.
Plan also expects to receive an international value equity manager search update form its consultant later this month.
Plan added a $50 million commitment to an existing manager relationship.