Private Equity
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The plan will commit an additional $60 million to private markets this year.
The pension plan also made a private equity commitment for pacing purposes last month.
The pension plan also disclosed more than $500 million in private equity commitments.
The pension plan disclosed up to $170 million in private equity commitments made last month.
Regal Healthcare Capital Partners IV at $610 million of total commitments, including approximately $575 million of external commitments, on an original target of $550 million.
The board also disclosed a private equity commitment at today’s investment committee meeting.
The firm’s seventh direct co-investment program surpassed its $4 billion target.
The plan concluded its global equity manager search with a replacement for one existing firm.
The pension plan also redeemed an alternatives manager at a board meeting today.
