Private Equity
The commitments include two first-time managers for the plan.
The plan approved three commitments, including two re-ups, at its meeting last week.
The search is for due diligence purposes as the plan has worked with its incumbent for “decades.”
The plan made commitments following closed session deliberations.
The pension plan made private markets commitments totaling $16.25 million last month and will consider a 2024 pacing plan this week.
The commitments were made under the discretion of staff.
The plan received private debt and private equity pacing plans at its investment committee meeting this week.
The RFP will be issued next month as part of a private markets pacing plan.
A report finds that 60% of private equity and venture capital industry professionals expect to see greater cash earnings this year, down from 65% last year.
The pension plan’s cio recently approved two private equity commitments.