Private Equity
The fund is considering the addition of two new private equity managers to its trust as part of the buildout of its allocations to alternatives.
The commitments total $850 million to existing relationships.
The plan also approved liquidating its sole emerging market debt manager at a meeting today.
The fund expects to hear recommendations on adding private credit, venture capital and public fixed-income managers over the next quarter and a half.
The retirement system disclosed recent private equity and infrastructure commitments from the beginning of the fourth quarter.
The pacing plans call for a total of $835 million across the two asset classes.
The plan also granted staff discretionary authority to invest in GP-led secondary transactions.
The plan also decided to not continue with its REIT manager search.
The $20 million commitment results from an ongoing search in the space.
The vehicle closed at its hard cap and was oversubscribed with investors, including current and former management team members, foundations, diversified financial institutions, university endowments and family investment offices.