Private Equity
The plan also received asset/liability stress test results from project-basis consultant Agilis at today’s board meeting.
At least three nonprofit organizations have committed to a venture capital manager’s inaugural fund, which recently closed with more than $60 million in commitments.
The farmland manager will handle mandates totaling $28 million for two pension plans.
The plan hired one international equity manager and terminated three others at this week’s board meeting.
The fund was raised within four months of its launch.
The West Coast pension system closed on private equity and real estate commitments last month.
The retirement fund disclosed commitments totaling $850 million in October.
The position leads the investment strategy for the endowment’s private investments portfolio, which includes private equity buyout, growth equity, private real estate, private energy and venture capital.
The firm’s oversubscribed inaugural fund will focus on making structured minority investments in well-positioned wealth management firms throughout the U.S.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.