Private Equity
The plan approved a $45 million commitment to the asset class at today’s meeting.
The retirement system’s most recent commitments totaled $615 million across four funds.
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.
The plan also recently added two public markets managers to its watch list.
The pension plan approved real estate and private markets commitments totaling $120 million yesterday.
The schools are reviewing a potential private equity partnership that would see approximately $2.4 billion invested in the conference in return for a 10% stake.
The plan also renewed several of its investment consulting contracts at today’s board meeting.
The venture capital fund surpassed its $200 million target.
The plan also delegated investment authority to its executive director.