Private Equity
The plan also held executive director interviews last week.
The plan was mulling a 5% target to either private equity or private credit, ultimately approving the latter.
The firm closed on $850 million in new capital in 2025, increasing its assets under management to more than $2.6 billion, and is actively deploying funds.
Hamilton Lane Equity Opportunities Fund VI is the firm’s largest direct equity fund to date.
The fund approved a venture capital commitment to a biotech firm last quarter.
The retirement system also approved placing an international equity manager on watch due to a personnel departure.
The public utility fund approved a venture capital commitment earlier this month.
The plan approved the search at a board meeting yesterday for pacing purposes.
The retirement system will issue an RFP for lower middle market buyout funds.
The state agency is seeking a firm to provide consulting and advisory services for its venture fund targeting small businesses or entrepreneurs across the state.
