Private Equity
The pension fund approved up to $650 million in new private markets commitments at a meeting today.
FFL Capital Partners VI and related vehicles close with 50% more in committed capital than the preceding fund.
The commitments fulfill the plan’s 2026 real assets and private equity pacing plans.
The fund held its final close three months after its launch.
The university hired a new private equity buyout fund and made re-up commitments to private equity growth and natural resources funds within its endowment during the first quarter.
The university approved three financing agreements with startup companies recently launched from the institution’s ecosystem at its October board meeting.
The retirement system is conducting the search to “assess the feasibility” of establishing a private markets emerging manager program.
The retirement system also opted against action following an equity structure review last month.
The plans adopted the new asset allocation following an asset study by their general investment consultant.
Commitments included over $1.9 billion to OrbiMed Private Investments X and more than $1 billion to OrbiMed Asia Partners VI.
