Private Equity
The pension fund committed $10 million to a new relationship at this month’s board meeting.
The fund invests in lower middle market growth companies and focuses on the technology and healthcare sectors.
The university is exploring the sale of some of its private equity fund interests within its endowment on the secondary market.
The plan concluded its private equity search conducted for pacing purposes.
The pension plan made $460.6 million in total private equity/current return commitments in the first quarter.
The plan was informed of two staff-delegated commitments at its April 17 board meeting.
The pension plan made private equity commitments with two new manager relationships and one existing manger relationship in the first quarter.
The plan approved a private equity commitment at its board meeting this week.
The retirement system committed to three existing manager relationships in the past two weeks.
The firm has closed its third co-investment private equity fund at its hard cap with more than $2 billion in commitments.