Private Equity
The pension plan committed up to $65 million total to private credit and private markets managers yesterday.
The request for expressions of interest has been launched to keep pace with plans to build out the investment fund’s private equity portfolio.
The search is due to the upcoming contract expiration of Meketa Investment Group.
The plan also received a private markets pacing plan at its board meeting today.
The university made several re-up and add-on commitments with existing developed equity, hedge fund and private equity managers within its portfolio during the third quarter.
The retirement association made 13 commitments totaling more than $900 million.
The retirement system also considered approving a 2026 private markets pacing plan last week.
The retirement plan approved a new long-term asset allocation policy and 2026 private markets pacing plan in the fourth quarter.
The plan will receive pacing recommendations across private equity, non-core real estate and private credit next week.
The plan has asked its consultant to come back with U.S. mid-cap growth and value manager options.