Private Equity
The plan made a follow-on commitment to a U.S. defense sector specialist.
The firm has closed its oversubscribed third growth equity fund with more than $275 million in commitments.
The pension plan made private equity commitments with two existing manager relationships and one new manager relationship this week.
The pension plan recently committed up to $75 million to an existing hedge fund manager relationship and tweaked its private equity sub-asset class targets.
The pension plan will aim to commit $3.1 billion total to private equity and opportunistic/diversified strategies in fiscal year 2025.
The plan rehired firms and made one new hire in its search launched last summer.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The plan also disclosed two staff-delegated investments at a meeting yesterday.
The hire concludes an RFP search launched as part of an investment consultant strategy in March.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.