Private Equity
The firm has raised $100 million for its second early-stage venture fund, which invests in gaming and consumer internet startups.
A venture capital firm has launched its inaugural fund focused on property technologies that improve the global real estate sector.
The system approved a commitment to a new private equity manager within its endowment at its board meeting in September.
The firm has appointed the former senior investment manager of private investments at prominent university to serve as a senior advisor and strengthen its investment approach.
The new portfolio manager focused on private equity will replace a team member who left this summer to join a Mid-Atlantic nonprofit.
The plan’s consulting contracts are slated to expire in the first quarter of 2025.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
The fund received $4.8 billion in aggregate capital commitments, more than doubling the size of its predecessor fund.
The firm’s 13th fund closed with more than $3 billion.
The pension plan committed $100 million total to an existing private equity manager relationship last week.