Private Equity
The fund will consider increasing portfolio leverage at its next board meeting as it also looks to reposition its venture capital program to exploit new market opportunities.
The plan also made a private equity commitment in June.
The plan disclosed more than $250 million in private markets commitments made in recent months.
The plan disclosed three commitments totaling $275 million.
The board will hire a new private equity manager in October.
The retirement fund authorized commitments totaling $305 million, including one new relationship.
A university based in a Southern state will consider recommendations from its consultant to invest in private equity and venture strategies.
The fund is searching for a director of hedge fund investments as well as an associate for private equity funds to assist in the oversight and management of its portfolio.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The plan made two commitments for pacing purposes at today’s board meeting.