Private Equity
The search follows a private markets pacing schedule presented to the retirement system in January.
The commitment represents a new manager relationship for the retirement system.
The retirement fund also tabled a proposed value-add real estate commitment today.
The pension system also reviewed a private equity pacing plan last week and sent out an invitation only multi-asset credit RFP in April.
The fund has received more than $390 million in commitments.
The fund approved a venture capital commitment with an existing manager this month as part of its pacing plan to commit $140 million per year to the asset class.
The university considered a private equity buyout commitment and increasing its investments with two existing global public equity funds by $30 million at this week’s meeting.
The pension system recently disclosed three new $15 million private equity commitments.
The firm has closed its first multi-asset continuation vehicle and secondary fund after receiving commitments from a group of new and existing limited partners led by Coller Capital.
The fund surpassed its $1.5 billion target.