Private Equity
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.
The plan will commit an additional $60 million to private markets this year.
The pension plan also made a private equity commitment for pacing purposes last month.
The pension plan also disclosed more than $500 million in private equity commitments.
The pension plan disclosed up to $170 million in private equity commitments made last month.
Regal Healthcare Capital Partners IV at $610 million of total commitments, including approximately $575 million of external commitments, on an original target of $550 million.
The board also disclosed a private equity commitment at today’s investment committee meeting.
The firm’s seventh direct co-investment program surpassed its $4 billion target.
