Daily Feed
The retirement system approved up to $320 million across two private markets commitments.
The plan also disclosed $30 million in second quarter alternatives commitments at this week’s board meeting.
First Eagle will acquire the boutique investment manager in an all-cash transaction valued at approximately $473 million.
The retirement system will consider replacing its active domestic mid-cap growth equity manager.
Outsourced cio providers can best meet endowments and foundations’ growing demand for exposure to the best private market asset managers through dedicated research teams and tailored service models.
The fund is working with its general investment consultant as well as ratings agencies to underwrite the final strategic move in its asset allocation as it continues to seek and develop strategic partnerships with best-in-class asset managers.
The university approved forming a new for-profit company in partnership with a private equity firm to help support its athletics department.
The system has hired a deputy cio to help oversee and manage its cash concentration pool and endowment pool.
The office has relaunched a search for a program manager to provide investment management, plan design, administrative and record keeping services for its plan serving individuals with disabilities.
The firm recently closed its seventh fund at its hard cap after attracting a diverse mix of institutional investors.