Private Equity
The university added a new global public equity investment and a private equity commitment with existing managers within its endowment in the fourth quarter.
The plan expects to add eight additional non-U.S. equity managers over the next two months.
The search is due to the impending contract expiration of its incumbent.
The fund closes oversubscribed with approximately $500 million in committed capital.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The fund approved 2025 pacing plans across private equity, private credit and private real assets last month.
Under today’s conditions, many nonprofits and allocators are looking at other macro trends — especially the advancement of artificial intelligence technologies and concomitant demand spike for energy and infrastructure — that bode well for their alternatives allocations.
The retirement fund disclosed commitments totaling $3.1 billion in November.
The retirement system added private equity and private credit commitments in recent months.
The plan is set to commit $700 million to private credit this year.