Private Equity
The plan approved $350 million in commitments with GPs at a meeting last week.
The pension plan will approve its general investment consultant’s takeover of exposure to the private equity manager.
The fund surpassed its target and predecessor fund with $1.9 billion in total commitments.
Court Square Capital Partners Fund V is the firm’s largest fund raised to date.
The retirement fund disclosed $53 million in recent staff-led commitments.
The retirement system also approved two private equity commitments today.
The pension plan also made a private equity commitment in November.
Fund III increases the firm’s assets under management to more than $8 billion
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.
The retirement system is seeking a firm to manage a $15 million mandate.
