Private Equity
The retirement system will receive potential international equity candidates next month.
The firm closed its 11th fund with $2.5 billion in an oversubscribed single close.
The retirement system closed on more than $500 million in commitments last month.
The institution recently announced three inaugural investments from its early-stage venture fund that invests in startup tech companies founded by university-affiliated faculty members and researchers.
The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The plan added three new contracts and retained others for investment consulting services.
The plan is replacing the consultant following a review at last week’s board meeting.
The plan established a dedicated real assets target of up to 3%.
The retirement system added $860 million across three new commitments in May.
The retirement association disclosed $60 million in private markets commitments following closed session deliberations.
