Alternatives
The foundation is seeking an investment manager for private markets to help source and evaluate investment strategies across buyout, growth, venture capital, special situations, real estate and infrastructure.
The pacing plan calls for a total of $58 million to private debt and private equity over the next two years.
The firm closed its sixth private equity fund, which will target technology, business services, medical and industrial sectors, above its target.
The plan approved commitments of $30 million each to real estate and private equity funds at today’s meeting.
Plan continues working toward executing a transition of assets away from the state fund.
The plan removed two hedge fund investments totaling $40.8 million from its portfolio this week.
The commitments were recommended in closed session of yesterday’s board meeting.
Plan adds deputy cio for operations from its legal team.
The firm has closed its latest fund, a venture capital strategy focused on rejuvenating the ecological health of the world’s oceans, above its initial target.
While the negative fiscal year 2022 return hurt longer-term performance, good returns from prior years helped to mitigate the impact, according to the study.