Private Equity
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The fund approved 2025 pacing plans across private equity, private credit and private real assets last month.
Under today’s conditions, many nonprofits and allocators are looking at other macro trends — especially the advancement of artificial intelligence technologies and concomitant demand spike for energy and infrastructure — that bode well for their alternatives allocations.
The retirement fund disclosed commitments totaling $3.1 billion in November.
The retirement system added private equity and private credit commitments in recent months.
The plan is set to commit $700 million to private credit this year.
The institution is seeking a managing director to spearhead investments in oncology-focused startups and source, evaluate and negotiate early-stage investment opportunities.
The plan also received asset/liability stress test results from project-basis consultant Agilis at today’s board meeting.
At least three nonprofit organizations have committed to a venture capital manager’s inaugural fund, which recently closed with more than $60 million in commitments.
The farmland manager will handle mandates totaling $28 million for two pension plans.