Private Equity
The retirement system added $860 million across three new commitments in May.
The retirement association disclosed $60 million in private markets commitments following closed session deliberations.
The retirement fund also disclosed commitments totaling roughly $1.2 billion in July and August.
The final fund close exceeded the firm’s $1 billion target.
The retirement system hired three firms to provide the services in 2013.
Fund II was oversubscribed with $550 million in capital commitments.
The university added new hedge fund, private real asset and private equity commitments on the heels of terminating two hedge fund managers and one international equity manager within its endowment this summer.
The oversubscribed fund surpassed its $875 million target.
The retirement system also voted to recommend the liquidation of an international small-cap equity manager at today’s investment committee meeting.
The retirement system also made one full redemption at today’s board meeting.
