Private Equity
The fund raised a record $2.3 billion as well as $700 million in a co-investment vehicle.
The West Coast venture firm and incubator has hired a new investor, who was most recently an analyst at a Southern healthcare system.
The university approved re-up commitments with existing private equity firms within its endowment as recommended by its general investment consultant at its September investment committee meeting.
The retirement plan also made a private equity commitment for pacing purposes in the second quarter.
The board also disclosed a fixed-income manager termination last week.
The commitment is part of the retirement system’s pacing schedule for the asset class.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system approved commitments following finalist presentations held last month.
The pension fund approved new private markets commitments across private equity, credit and real assets at today’s meeting.
The pension system made $116.5 million in new private markets commitments in July.
