Private Equity
Both vehicles exceeded targets to expand the firm’s platform within the U.S. lower middle market.
The retirement system also made a venture capital commitment last month.
The pension plan was notified of two commitments totaling roughly $700 million this week.
The fund anticipates increasing its private equity pacing plan in the coming months as recommended by its general investment consultant.
The university has added buyout and growth equity commitments as well as active equity and intermediate treasury investments since June.
The foundation is looking to add emerging markets equity and India-focused private equity allocations within its portfolio.
The pension plan also made two private equity commitments totaling up to $80 million in June.
The firm held the final close of its oversubscribed third private equity fund at its hard cap of $750 million, surpassing its $550 million target and the $408 million raised by its predecessor fund.
The plan is also considering adding risk mitigating strategies.
The retirement system’s board also approved up to $250 million across private markets commitments at today’s meeting.