Private Equity
The system approved a commitment to a new private equity manager within its endowment at its board meeting in September.
The firm has appointed the former senior investment manager of private investments at prominent university to serve as a senior advisor and strengthen its investment approach.
The new portfolio manager focused on private equity will replace a team member who left this summer to join a Mid-Atlantic nonprofit.
The plan’s consulting contracts are slated to expire in the first quarter of 2025.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
The fund received $4.8 billion in aggregate capital commitments, more than doubling the size of its predecessor fund.
The firm’s 13th fund closed with more than $3 billion.
The pension plan committed $100 million total to an existing private equity manager relationship last week.
The institution approved a commitment to a private equity fund focused on the intellectual property of musical artists in August.
The new consultant will begin its new five-year contract in February.
