Private Equity
The plan also made several private markets commitments totaling more than $500 million.
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The firm closed its latest fund focused on energy and climate-related companies adapting artificial intelligence technologies with $160 million, including commitments from two returning nonprofit investors.
The firm recently hired a former investment director to serve as a partner and manage and expand investments in the clean tech, industrial and life science sectors.
The foundation added private real estate, private equity and private credit strategies with new managers to its portfolio last month.
The nonprofit has launched its first open RFP to build partnerships and support investments that can accelerate U.S. clean power projects, seeking proposals from energy developers, commercial partners, community lenders and financial investors like private credit and private equity firms.
The former managing director of a foundation on the West Coast has joined a private equity manager as a partner focused on primary investments.
The plan will look to hire five firms after launching a search in January.
The plan will commit a total of $1.2 billion to the asset classes next year.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.