Infrastructure
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The retirement system will soon begin filling out its maiden 5% infrastructure target.
The strategy raised approximately $5.3 billion, exceeding its target.
The firm raised $5.5 billion for the oversubscribed flagship fund.
Thoma Bravo will fund the transaction from its balance sheet.
The pension plan hired two infrastructure managers as the result of a newly approved asset allocation policy in the second quarter.
The plan received an infrastructure search report that included two candidates at today’s meeting.
The fund approved adopting changes to its target asset allocation at its September board meeting as it also made a $100 million infrastructure commitment.
The retirement system made infrastructure and private equity commitments totaling $295 million last week.
The commitments include two new manager relationships for the council.