Private Equity
The plan approved commitments totaling $160 million across four funds in April and May.
The retirement systems also disclosed co-investments yesterday.
The combined closings bring Francisco Partners’ total capital raised to more than $75 billion.
The firm has added an operating partner to its council while hiring an investment partner and associate.
The institution approved four financing agreements with startup companies recently launched from its ecosystem through its accelerator fund at its July board meeting.
The retirement plan is expected to issue the RFPs for pacing purposes.
The retirement plan terminated a global macro hedge fund manager in the first quarter.
The retirement system committed to the next fund in a series after its last commitment to the manager in 2022.
The plan made four private equity commitments with existing managers this week.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
