Private Equity
A total of six new commitments and two terminations were reported this month.
The plan also revised its upcoming fixed-income and international equity manager search timelines.
The pension plan liquidated its approximately $210 million domestic small- to mid-cap growth equity and made commitments totaling $120.5 million in November.
The institution approved new hedge fund, private equity and venture capital commitments in the fourth quarter.
The institution revised its strategic asset allocation last year, increasing its allocation toward growth assets like public equity and private equity.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
The pension plan made two private equity commitments in August for pacing purposes.
Institutional investors are bullish on private market investments as the rapid development of artificial intelligence technologies signals future growth in the economy despite looming geopolitical risks, according to a recent survey.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
Private equity and credit stand poised to continue dominating nonprofit mandates for the next year to two years, according to a new study of outsourced cio providers.