Private Equity
The plan’s consulting contracts are slated to expire in the first quarter of 2025.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
The fund received $4.8 billion in aggregate capital commitments, more than doubling the size of its predecessor fund.
The firm’s 13th fund closed with more than $3 billion.
The pension plan committed $100 million total to an existing private equity manager relationship last week.
The institution approved a commitment to a private equity fund focused on the intellectual property of musical artists in August.
The new consultant will begin its new five-year contract in February.
The retirement system made four private equity commitments for pacing purposes at today’s board meeting.
The plan was informed of several new staff-delegated private commitments at its board meeting yesterday.
The plan will vote to go back to a former general investment consultant next week.