Emerging/Diverse Managers
The Latina-led venture capital firm recently closed its latest fund after garnering several commitments from foundations, two endowments and a religious institution’s investment team.
The institutional investment industry is celebrating Emerging Managers Week in New York City and staying the course on its commitment to diverse managers that deliver robust returns.
The plan has awarded approximately $1.2 billion across three managers.
The retirement system is seeking one or more managers to handle a mandate expected to range from $200 million up to $400 million.
The plan will also consider a $30 million re-up commitment with a real estate manager.
The retirement fund has posted an RFP for infrastructure managers to handle a $50 million to $80 million allocation.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The plan is looking to invest up to $450 million with qualified managers.
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
A total of six new sub-mandates were funded.
