Private Equity
The plan committed to two firms after interviews held in closed session.
The plan hired two private equity firms after finalist interviews last month.
The plan also hired an international small-cap equity manager after finalist interviews.
The pension plan hired a private debt manager and a private equity fund-of-funds manager to each handle 2% allocations in February.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The search follows the termination of its active manager last month.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The new vehicle closes with approximately $810 million in capital commitments.
The fund is looking to add buyout, growth, venture capital and GP-led secondaries strategies to its endowment.
The Southern-based private equity firm has hired a managing director for its lower middle market strategy, which was launched last year.