Alternatives
Plan will begin addressing high-level considerations and formulating plans to begin redeploying assets in private markets investments after halting new commitments since 2016.
The plan terminated an underperforming international equity manager and made a venture capital commitment last month.
The V.P. will focus on fundraising and investor relations, while the analysts are responsible for investment underwriting and portfolio management.
The plan added commitments to a credit fund and a private equity fund this summer.
The state treasurer’s office will consider adding two private debt strategies to its trust portfolio after approving new targets to private credit last year.
The consulting firm is seeking long volatility and tail risk hedging managers on behalf of a $6 billion OPEB trust client.
The plan made the hire at a board meeting this week after reissuing an RFP for the second time this summer.
The plan terminated a $1.4 billion domestic large-cap value equity mandate and made commitments with four existing managers and one new manager in August.
The plan committed a total of $15 million to two private equity managers this summer.
The plan has begun its search for a private equity consultant.
