Private Equity
The retirement system committed to three existing manager relationships and one new manager relationship in the first quarter.
The university’s former cio left at the end of 2024 to join a venture capital manager, where they are involved with strategic partnerships and impact.
The lower middle market private equity firm’s newest funds closed at their collective cap of $1.4 billion.
The retirement system committed to funds with two new manager relationships last week.
Early-stage venture capital firm Construct Capital successfully closed its $300 million Fund III, the firm announced.
The firm has raised $3.5 billion in total capital for its eighth private equity fund.
The internal investment pilot is part of the board’s efforts to enhance investment outcomes.
The commitment represents a new relationship for the city’s three pension plans.
The retirement system is seeking to establish a pool of “possibly two to three” consulting firms to advise on co-investments.
The retirement system made a $25 million private equity commitment last month.