Private Equity
The plan will seek full board approval for two private markets commitments next month.
The pension plan approved four commitments totaling $110 million and 2024 real estate and real assets pacing plans yesterday.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
The sustainable investment platform made a strategic minority investment in a minority and woman-owned middle market private equity firm and the investment will provide growth capital to enhance the firm’s infrastructure, capital base, human capital and overall resources.
The pension plan made 14 commitments across its private equity and real estate portfolios in the fourth quarter.
The commitments include two first-time managers for the plan.
The plan approved three commitments, including two re-ups, at its meeting last week.
The search is for due diligence purposes as the plan has worked with its incumbent for “decades.”
The plan made commitments following closed session deliberations.
The pension plan made private markets commitments totaling $16.25 million last month and will consider a 2024 pacing plan this week.