Private Equity
The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The plan added three new contracts and retained others for investment consulting services.
The plan is replacing the consultant following a review at last week’s board meeting.
The plan established a dedicated real assets target of up to 3%.
The retirement system added $860 million across three new commitments in May.
The retirement association disclosed $60 million in private markets commitments following closed session deliberations.
The retirement fund also disclosed commitments totaling roughly $1.2 billion in July and August.
The final fund close exceeded the firm’s $1 billion target.
The retirement system hired three firms to provide the services in 2013.
Fund II was oversubscribed with $550 million in capital commitments.
