Private Equity
The retirement system hired three firms to provide the services in 2013.
Fund II was oversubscribed with $550 million in capital commitments.
The university added new hedge fund, private real asset and private equity commitments on the heels of terminating two hedge fund managers and one international equity manager within its endowment this summer.
The oversubscribed fund surpassed its $875 million target.
The retirement system also voted to recommend the liquidation of an international small-cap equity manager at today’s investment committee meeting.
The retirement system also made one full redemption at today’s board meeting.
The retirement association recently made two redemptions for performance reasons.
The former head of private markets launched a firm focused on helping institutional investors execute secondary investments.
The commitments to three firms totaled $180 million.
The firm closed its inaugural venture capital fund with more than $60 million in commitments from institutional investors, corporates, multi-family offices and other strategic backers.
