Private Equity
The retirement system also approved two private equity commitments today.
The pension plan also made a private equity commitment in November.
Fund III increases the firm’s assets under management to more than $8 billion
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.
The retirement system is seeking a firm to manage a $15 million mandate.
The university approved up to four financing agreements with startup companies recently launched from the institution’s ecosystem through its accelerator fund.
Artificial intelligence has been top of mind for many in the institutional investment industry for some time and Women’s History Month highlights industry females leveraging AI in various technology and healthcare spaces who find that these innovations, and women in general, are key investments for the future and productivity.
The plan committed to a fund specializing in aerospace and defense earlier this month.
The firm’s sixth life sciences fund has closed at its $6.3 billion hard cap.
The state pension plan also approved three alternatives commitments at a meeting last week.