Private Equity
The firm has closed its “largest ever fund.”
The plan added $560 million in recent commitments across private equity, infrastructure and real estate.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
Fund IV exceeded its $500 million target, closing with $521 in total commitments.
The board recently approved real estate commitments and increased previously made private equity commitments.
The plan also made up to $55 million in alternatives commitments in the fourth quarter.
The plan committed $20 million to the asset class for pacing purposes.
The firm closed its acquisition of 100% of the equity of a platform that invests across all stages of the venture capital lifecycle.
The retirement fund also terminated a global equity manager-of-managers and made commitments totaling $695.6 million in October.
The fund has launched a search for investment managers that are raising capital for investment funds that align with its impact areas of diverse entrepreneurship, economic mobility and innovation.