Private Equity
The revisions see the foundation pivoting its investment portfolio further toward growth-oriented investments, including public and private equity.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The plan approved two commitments at a board meeting this week.
The growth equity firm’s third fund was oversubscribed.
The plan will commit to a total of 15 private equity managers next year.
The plan also made several private markets commitments totaling more than $500 million.
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The firm closed its latest fund focused on energy and climate-related companies adapting artificial intelligence technologies with $160 million, including commitments from two returning nonprofit investors.
The firm recently hired a former investment director to serve as a partner and manage and expand investments in the clean tech, industrial and life science sectors.
The foundation added private real estate, private equity and private credit strategies with new managers to its portfolio last month.