Private Equity
The pension plan approved three commitments with an existing manager relationship last week.
The plans approved commitments with two existing manager relationships last week.
The plan began a search in April that excluded its two incumbent managers.
The commitments were made under the plan’s delegated authority.
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.
The agency has selected five venture capital fund managers to launch an $100 million venture capital fund targeting startups in the state.
The search is open to North American focused private equity fund-of-funds.
The plan made five commitments with existing manager relationships.
The plan will hear from a total of 10 managers in its global equity and private equity searches.
The RFP will be issued on the plan’s website “shortly.”