Private Equity
The search follows the plan’s decision to introduce a 5% dedicated private credit target allocation yesterday.
The pension plan will also receive a staff recommendation to place one of its private equity fund-of-funds managers on watch this week.
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.