Private Equity
The institution temporarily paused making investments in illiquid assets in the first quarter after reviewing its investment policy and guidelines, where concerns about private equity investing and not having an updated five-year strategic plan were made.
The retirement system also concluded its private equity and index manager searches.
The retirement system approved three alternatives commitments at its meeting last week.
The retirement fund disclosed nine commitments totaling $1.2 billion in May.
The $50 million in total commitments is subject to board approval next week.
Interested firms must be raising at least $300 million in commitments.
Five total firms were interviewed at a board meeting yesterday.
The fund received a total of six bids in its private markets consultant search.
The retirement system recently added four private markets commitments totaling $32.6 million.
The pension plan approved two commitments to private equity and real estate at a meeting today.