Private Equity
A Western fund will look to commit $84 million to private equity in 2021 following a workplan presentation from its alternatives consultant earlier this month.
The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
The plan is looking to build out its 10% target to the asset class.
Plan funded a new international equity manager and added alternatives commitments in October.
A Mid-Atlantic plan disclosed $500 million in recent private markets commitments at this week’s board meeting.
The search is open to funds that invest in diverse-owned firms.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
The plan is searching for small-cap firms for a domestic equity portfolio that is entirely with large-cap managers.
A teachers pension fund in the South has earmarked $630 million to real assets and private equity.
A state pension fund in the Great Lakes region disclosed $280 million in third quarter fund commitments.
