Private Equity
The retirement system approved commitments following finalist presentations held last month.
The pension fund approved new private markets commitments across private equity, credit and real assets at today’s meeting.
The pension system made $116.5 million in new private markets commitments in July.
The retirement system made commitments to two firms today after interviewing four managers last month.
The retirement system also made a follow-on private equity commitment today.
The search is for venture capital, lower middle market, growth equity, turn-around and pre-IPO strategies to complement the fund’s existing core private equity portfolio.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The pension fund approved three commitments to existing manager relationships this week.