Industry News
The firm has closed its “largest ever fund.”
The foundation promoted its investment director focused on public markets as managing director for private markets to handle its portfolio spanning buyout, growth, venture capital, private credit, special situations and private real assets investments.
The fund close represents the firm’s largest inaugural institutional fundraise.
The treasurer’s office hired a new cio following a search from the first quarter of 2025 as its previous investment head retired.
The private equity firm also announced a trio of promotions.
He will work to strengthen the firm’s institutional presence in the new role.
The head of leveraged credit had been with the plan since 2018.
The ceo had been on a medical leave of absence since March 17.
Fund IV exceeded its $500 million target, closing with $521 in total commitments.
Retirement plan sponsors are showing notable interest in adding private market assets to defined contribution plans, according to Cerulli Associates’ latest report.