Private Equity
The principal will source managers and oversee pacing models for private market investments.
Plan disclosed new private equity and real estate commitments at its meeting last week.
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 plan bolstered its private equity portfolio with several commitments with existing managers in recent months.
The fund will invest in middle market companies in partnership with owners and managers.
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.
Plan will discuss potentially implementing a dedicated allocation to Pan-Asian assets over the next year.
The fund focuses on performing privately originated credit investments in the Asia Pacific region.
