Private Equity
The pension plan made two private equity commitments in August for pacing purposes.
Institutional investors are bullish on private market investments as the rapid development of artificial intelligence technologies signals future growth in the economy despite looming geopolitical risks, according to a recent survey.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
Private equity and credit stand poised to continue dominating nonprofit mandates for the next year to two years, according to a new study of outsourced cio providers.
The state trust fund added two private equity buyout strategies in December as part of the buildout of its private equity and alternative investment portfolio.
The firm closed it latest strategy above its target at its hard cap of $275 million.
The firm announced the final close of its inaugural fund at its hard cap of $1.5 billion.
The plan received a total of four proposals in its general investment consultant search.
The plan closed on private equity and private credit commitments totaling up to $85 million in early November.
The plan added $100 million across three new commitments this month.
