Infrastructure
The fund approved issuing RFPs for infrastructure strategies and private equity strategies in December at its November board meeting.
The pension plan approved $435 million in alternatives commitments at its board meeting last week.
The endowment was slated to consider issuing separate RFPs for infrastructure strategies and private equity strategies at this month’s board meeting.
The transaction will more than double Clearlake Capital Group’s assets under management.
The retirement plan hired two managers to fill its maiden 7% target to other real assets in the second quarter.
The retirement association added a dedicated infrastructure target as part of a newly approved asset allocation last month.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The retirement system made an up to $100 million real assets commitment last week.
The manager added a venture partner to help source and support fintech and infrastructure investments as well as deepen relationships across founders, corporates and investors.