Private Equity
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.
The commitments were made under the discretion of staff.
The plan received private debt and private equity pacing plans at its investment committee meeting this week.
The RFP will be issued next month as part of a private markets pacing plan.
