Private Equity
The plan also adopted a new strategic asset allocation at its board meeting this week.
The retirement system approved a private equity fund-of-funds commitment to an existing manager relationship at yesterday’s board meeting.
The plan approved private equity and real estate commitments at its board meeting today.
The university is searching for an investments associate or associate director to help oversee its long-term portfolio with a focus on private equity.
A consortium of nonprofits and private organizations are seeking a venture consultant to run a regional investment program for life science start-up companies.
The retirement fund terminated three managers at last month’s investment committee meeting.
The plan has now hired a total of 12 new international equity managers this year.
The commitments will target the non-coastal regions of the U.S.
The retirement system made private equity commitments totaling $35 million in January.
The pension plan was notified of two commitments totaling $175 million last week.