Daily Feed
The technologies private equity fund exceeded its $2.75 billion target.
The retirement system made five commitments totaling roughly $218 million last week.
The city’s two retirement systems committed $12 million apiece for pacing purposes.
The plan made up to $90 million in commitments at today’s board meeting.
Updata Partners VIII closes with aggregate capital commitments of $875 million.
The plan terminated the firm after closed session deliberations.
The plan hired domestic small- to mid-cap growth and value equity managers at a meeting today.
The board increased its targets to domestic fixed-income and real estate as part of a new asset allocation policy last month.
The plan’s full board will approve the investment committee’s commitments this week.
Thorben Hett has rejoined Pinegrove Venture Partners as managing partner.