Private Equity
The fund surpassed the firm’s original target of $725 million.
The RFI is seeking investment managers who invest in Ohio-based opportunities and is open to strategies across private equity, infrastructure, real estate, equity and bonds.
The plan added $45 million in private markets commitments in January and December.
The plan made several changes as part of a total equity structure review at today’s board meeting.
The firms have created a separately managed account that allows financial advisors to allocate to private equity, private credit and real assets.
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The pension plan committed up to $65 million total to private credit and private markets managers yesterday.
The request for expressions of interest has been launched to keep pace with plans to build out the investment fund’s private equity portfolio.
The search is due to the upcoming contract expiration of Meketa Investment Group.
The plan also received a private markets pacing plan at its board meeting today.