Private Equity
The retirement association was notified of three private equity commitments last week.
The retirement system made six commitments totaling $265 million this week.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The plan also hired two credit managers in the fourth quarter.
The pension fund approved a pair of commitments that are in line with the pacing plan for 2026.
The plan also disclosed $250 million in commitments at today’s meeting.
The plan approved an up to $20 million commitment to a new fund with an existing manager relationship.
The fund approved a private equity fund-of-one commitment with a firm that was a semifinalist in its original search to build out its private equity allocation with a fund-of-one commitment in 2020.
The private equity firm closed its second fund with $2 billion in capital commitments.