Private Equity
The plan also made $440 million in real assets and private equity commitments at today’s meeting.
The plan committed to four firms that represent new relationships.
The plan added a private equity commitment at its October board meeting.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The plan recently made five real assets and venture capital commitments.
The plan committed $80 million across four funds to complete a recent search in the private equity space.
The firm has added a managing director to oversee its pre-seed investment strategy and portfolio that focuses on sourcing, investing and scaling high-growth, early-stage tech startups.
The plan is considering commitments to four private equity funds and one credit strategy.
Plan committed up to $17.5 million across two first-time funds last month.
Retirement fund made real estate debt and private equity commitments at the end of the third quarter.
