Private Equity
The state trust fund added two private equity buyout strategies in December as part of the buildout of its private equity and alternative investment portfolio.
The firm closed it latest strategy above its target at its hard cap of $275 million.
The firm announced the final close of its inaugural fund at its hard cap of $1.5 billion.
The plan received a total of four proposals in its general investment consultant search.
The plan closed on private equity and private credit commitments totaling up to $85 million in early November.
The plan added $100 million across three new commitments this month.
The fund has deployed approximately 39% of its commitments across seven platform acquisitions.
The plan committed $25 million to an existing fund-of-funds relationship in November.
The plans terminated their core real estate manager last month.
The pension plan disclosed a private equity commitment made last month at yesterday’s board meeting.