Private Equity
The firm has appointed the former senior managing director and global head of ESG at Blackstone as a senior operating advisor to help guide investment decisions, governance and impact reporting.
The global venture capital firm has opened its first European office and appointed a partner.
The search follows a private markets pacing schedule presented to the retirement system in January.
The commitment represents a new manager relationship for the retirement system.
The retirement fund also tabled a proposed value-add real estate commitment today.
The pension system also reviewed a private equity pacing plan last week and sent out an invitation only multi-asset credit RFP in April.
The fund has received more than $390 million in commitments.
The fund approved a venture capital commitment with an existing manager this month as part of its pacing plan to commit $140 million per year to the asset class.
The university considered a private equity buyout commitment and increasing its investments with two existing global public equity funds by $30 million at this week’s meeting.
The pension system recently disclosed three new $15 million private equity commitments.