Private Equity
The commitments include two new relationships for the plan.
The retirement fund also disclosed commitments totaling roughly $1.5 billion in March.
The plan tapped an active manager after voting to move to an all-active approach for the fixed-income portfolio to achieve better long-term return prospects.
The board recently made private credit and private equity commitments totaling $208.5 million.
The terminations include three underperforming managers.
Crescent Cove Fund IV was oversubscribed and with support from a diverse base of institutional investors.
The fund will consider committing $50 million to an existing private equity manager within its portfolio as staff recommended adding a strategy with General Partner stakes.
The plan also added a pair of commitments to a new private equity manager relationship.
The pension plan disclosed commitments totaling $720.7 million in the first quarter.
The commitments target energy and digital infrastructure.
