Private Equity
The plan also made a private credit commitment at today’s board meeting.
The firm recently held the final close for its fifth private equity fund in an oversubscribed fundraise.
The plan also terminated two underperforming domestic equity managers.
Higher education institutions and their athletic departments are looking to private equity to help fund new athlete revenue-sharing models and facility costs driven by mounting financial pressures from the recent House v. NCAA settlement.
The retirement system is conducting the search for pacing purposes.
The fundraise includes the successful close of Global Secondary Fund 8.
The retirement system also disclosed several private markets commitments.
The plan will interview five firms in its middle market buyout search.
The firm has closed its largest co-investment program to date.
The retirement system opted to retain its general investment consultant at a board meeting last week.
