Private Equity
The plan disclosed four total commitments made last month.
Private equity firm has closed its inaugural fund with $900 million in total capital commitments.
The plan approved two commitments previously approved by its investment committee last month.
The commitments include one to a first-time manager.
Report finds 40% of U.S. and Canadian institutional investors plan to increase their allocations to private debt, while roughly one-third plan to grow their private equity holdings in the next three years.
The council laid out plans to achieve an interim target by 2035.
The retirement fund liquidated a $243 million international equity mandate and made commitments totaling $770 million in December.
The system will consider making a growth private equity commitment at its Feb. 1 board meeting this month.
The system is searching for a director to help oversee and manage its portfolio with a focus on private equity.
The fund approved private equity and private credit commitments with existing managers as recommended by its general investment consultant last week, with more recommendations expected in the coming months.