Private Equity
The West Coast pension system closed on private equity and real estate commitments last month.
The retirement fund disclosed commitments totaling $850 million in October.
The position leads the investment strategy for the endowment’s private investments portfolio, which includes private equity buyout, growth equity, private real estate, private energy and venture capital.
The firm’s oversubscribed inaugural fund will focus on making structured minority investments in well-positioned wealth management firms throughout the U.S.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The pension plan terminated a roughly $360.5 million emerging markets equity mandate last month.
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The plan committed up to $100 million across two private equity funds this week.
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.