Private Equity
The plan launched a search over the summer due to performance concerns with two incumbents.
The retirement system also made a private equity commitment last month.
The retirement system also recently made commitments totaling $343 million.
The fund raised a record $2.3 billion as well as $700 million in a co-investment vehicle.
The West Coast venture firm and incubator has hired a new investor, who was most recently an analyst at a Southern healthcare system.
The university approved re-up commitments with existing private equity firms within its endowment as recommended by its general investment consultant at its September investment committee meeting.
The retirement plan also made a private equity commitment for pacing purposes in the second quarter.
The board also disclosed a fixed-income manager termination last week.
The commitment is part of the retirement system’s pacing schedule for the asset class.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
