Private Equity
The retirement fund made up to $170 million in alternatives commitments last week.
The retirement fund added a dedicated 5% allocation to the asset class earlier this year.
The transaction is expected to close in the second quarter.
The pension system added a commitment to the next fund in an existing relationship with Silver Hill Energy Partners.
The retirement system also approved a 2026 private markets pacing plan in January.
The fund close brings total capital raised since inception to $9 billion.
The retirement fund also reupped with its incumbent general investment consultant at today’s board meeting.
The plan bolstered its private real assets portfolio with three commitments today.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.
The pension plan is recommending removal of exposure to Clearlake Capital Group within Pathway Capital Management’s portfolio.