Private Equity
The private equity firm closed its second fund with $2 billion in capital commitments.
The plan is seeking private equity, private real estate, private credit, public markets and compliance reporting consulting services.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The plan added two private markets commitments last month.
Private markets activity is improving alongside artificial intelligence investment growth as investors lean into more complex and fragmented markets in their quest to unlock differentiated return sources.
The private equity firm closed its most recent fund with $670 million in capital commitments.
The retirement fund added $249 million in new commitment at last week’s board meeting.
The fundraise exceeded the firm’s $4.25 billion target.
The search is open to primary and secondary options.