Private Equity
The retirement system made a $25 million private equity commitment last month.
The plan will interview three international equity managers, including its incumbent, this summer.
Two prominent foundations are among the group of endowments, foundations, pensions, corporations and family offices to commit to a firm’s recently closed second venture fund.
The pacing plans call for a total of $105 million to private markets this year.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The fund was oversubscribed and raised in less than six months.
The pension plan was notified of two commitments totaling $975 million last week.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The plan made a $10 million commitment to the next fund offering of an existing manager.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.