Private Equity
The commitments include two new manager relationships for the plan.
The pension plan also made private debt and private equity commitments yesterday.
The university added private equity and private credit commitments within its endowment in the first quarter.
The commitments include a new relationship for the plan.
The pension system added up to $175 million in new commitments in April.
The retirement association was notified of two real estate commitments and one private equity commitment last week.
The search follows underperformance within the asset class.
The plan is replacing an existing equity manager and making its first private equity investment since 2019.
The retirement system made seven private markets commitments totaling $35.6 million last month.
The pension system made its first traditional private equity buyout commitments in years at today’s board meeting.
