Alternatives
A university based in a Southern state will consider recommendations from its consultant to invest in private equity and venture strategies.
The pension fund’s consultant will conduct onsite visits with six evergreen private credit managers in the coming months.
The plan issued an RFP for the services at the start of the year.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The pension fund approved up to $500 million in private markets commitments at a meeting today.
The institution is in a search for discretionary alternative investment management services for its portfolio, which has strategic allocations of 50% to marketable alternatives, 30% to private credit and 20% to private equity.
Evergreen funds have seen tremendous growth and interest in recent years, which the industry anticipates will continue as data entered in the second quarter of the year showed an uptick in commitments to these perpetual investment vehicles that provide institutions with positive attributes.
The retirement system will interview four private equity managers at an investment committee meeting this week.
The retirement plan is also expected to conduct a real estate manager search soon.
The retirement system has issued its RFP after initially approving the search in May.
