Private Equity
A Texas plan has disclosed a $100 million private equity commitment.
Plan will conduct a search for high-yield fixed-income managers due to impending contract expirations and hired a new general investment consultant.
The plan selected two finalists to interview in its private equity fund-of-funds search next month.
One will will lead the firm’s efforts to develop and nurture key relationships with intermediary, independent sponsor and executive audiences and the other will source investment opportunities, develop investment themes and execute transactions.
The division will manage $500 million in assets initially.
The plan concludes a private equity search initiated because it was under target.
A university in the Midwest will consider a second investment within its accelerator fund at this week’s board meeting.
A fund in the South approved a commitment to a private equity infrastructure fund at its board meeting last month.
A Northeastern church pension plan added private equity, real estate and high-yield fixed-income investments during its June board meeting.
The pair will help lead the private equity firm’s investing efforts across its focus industries.