Private Equity
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
The pension plan committed $140 million total to two managers yesterday.
The search is open to fund-of-funds, co-investments and private debt strategies.
The London-based investment firm focused on energy has acquired a U.S.-based private equity firm focused on sustainability investments.
The university disclosed follow-on commitments with existing private equity and natural resources managers within its long-term portfolio made in the third quarter.
The fund is considering the addition of two new private equity managers to its trust as part of the buildout of its allocations to alternatives.
The commitments total $850 million to existing relationships.
The plan also approved liquidating its sole emerging market debt manager at a meeting today.
The fund expects to hear recommendations on adding private credit, venture capital and public fixed-income managers over the next quarter and a half.
The retirement system disclosed recent private equity and infrastructure commitments from the beginning of the fourth quarter.