Private Equity
The plan made $650 million in total private markets commitments during the first quarter.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The pension plan will consider approving a private debt manager search and a new 2025 fiscal year asset allocation policy for its four systems this week.
The pension plan approved three commitments with an existing manager relationship last week.
The plans approved commitments with two existing manager relationships last week.
The plan began a search in April that excluded its two incumbent managers.
The commitments were made under the plan’s delegated authority.
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.
The agency has selected five venture capital fund managers to launch an $100 million venture capital fund targeting startups in the state.
The search is open to North American focused private equity fund-of-funds.
