Private Equity
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.
The retirement system also disclosed three new alternatives commitments at today’s meeting.
The newly approved asset allocation increases strategic targets to private equity and public income.
The revisions see the foundation pivoting its investment portfolio further toward growth-oriented investments, including public and private equity.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The plan approved two commitments at a board meeting this week.
The growth equity firm’s third fund was oversubscribed.
The plan will commit to a total of 15 private equity managers next year.
The plan also made several private markets commitments totaling more than $500 million.