Private Equity
The fund approved issuing RFPs for infrastructure strategies and private equity strategies in December at its November board meeting.
The largest university and college endowments experienced double-digit gains in two consecutive years drive by a return to long-term trends like large private equity allocations.
The university also liquidated fixed-income and equity strategies to fund endowment spending and university advancement payouts.
The private equity manager closed its latest private equity fund focused on power plants and related assets at its hard cap with more than $1 billion in commitments.
The fund is considering committing to a private equity buyout fund and a co-investment with an existing investment manager within its portfolio.
The pension plan approved $435 million in alternatives commitments at its board meeting last week.
The commitments were part of a 2026 private equity recommendation from general investment consultant Marquette Associates.
The search is open to general and private markets consultants.
The investment board has also made up to $1.4 billion in new commitments.
The rebrand marks the completion of Performance Equity Management’s integration into Sagard’s global middle market private equity platform.