Private Equity
The Houston-based middle market firm closed its sixth private equity fund at its $3.5 billion hard cap, exceeding its $2.75 billion target.
The retirement plan made commitments within its opportunistic credit and private equity buyout portfolios.
The commitment is part of the retirement system’s annual pacing plan that will target three to four managers.
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.
A New York venture fund has raised more than $1 billion for its fund focused on cybersecurity companies.
The commitments were made with five existing managers.
The system approved private equity and real assets commitments with existing investment managers within its endowment at its board meeting last month.
The retirement plan committed $20 million to a fund after narrowing a search from a group of 20 RFP responses.
The hires will conclude an RFP process that began in January.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.
