Private Equity
Plan disclosed up to $189.5 million in new venture capital and real estate commitments.
The fund employs private equity-style control and high-yielding private credit practices.
The plan made a commitment to one new manager alongside two follow-on commitments.
The plan committed $25 million to a buyout strategy last month.
He will help develop investment theses for the fund and build relationships with business owners.
The new v.p. will manage and expand the firm’s intermediary relationships, and the analyst will develop and launch a technology-enabled sourcing platform.
The plan’s board committed $50 million total to a new private equity manager and was notified of a $30 million co-investment yesterday.
The funds will target sectors including business and infrastructure software, developer tools and cybersecurity.
The commitments represent the plan’s first investment in the asset class.
