Private Equity

Plan’s consultant will present report on the $8 million search in June or July.

The plan placed a firm on watch for failing to meet performance criteria and eliminated its REITs managers to reduce overall volatility within its real estate portfolio.

The strategy will focus on investing in growth-stage businesses with proven technology and mission-driven management teams in the areas of planetary health, people health and financial inclusion.

Public pension plans were most active in the private equity asset class in the first quarter, according to data compiled by FIN Searches.

The system recently added a long/short hedge fund investment with a new manager and two venture capital commitments with an existing manager in its endowment.

Plan approved four fund commitments totaling more than $360 million today.