Alternatives
The plan committed roughly $300 million total to four buyout strategies last week.
The strategy is more than twice the size of its predecessor fund and will invest in underserved lower middle market businesses with a focus on healthcare, software and services industries.
The system increased its investment with an existing long/short hedge fund manager and added two private equity commitments with existing managers earlier this month.
The plan committed $25 million to a new non-core real estate manager and approved a fiscal 2023 private markets pacing plan this month.
Plan will look to increase a direct lending fund-of-one commitment to $500 million from $300 million this week.
The plan recently made commitments with nine existing managers and one new manager.
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.
The plan authorized staff to issue the RFP in November and committed to an existing buyout manager at yesterday’s board meeting.
The plan will issue an investment consultant RFP in the coming months due to upcoming contract expirations and recently made two private equity commitments.
The plan committed $11 million across four private equity managers as part of the implementation of the asset class.