Private Equity
The retirement system hired its incumbent consultant to a five-year contract following a search conducted in 2019.
The plan added a private equity commitment with an existing manager earlier this summer.
The plan has begun its search for private equity, private credit and real assets consultants.
The foundation has committed to a private equity micro-buyout fund that recently held its first close.
The pension plan added a private credit commitment alongside private equity and real estate co-investments in July.
A university foundation based in a Western state has approved several commitments, including allocations to opportunistic credit and venture capital strategies.
The retirement association interviewed a total of six firms last month.
The firm’s second institutional fund was oversubscribed and closed with $1.13 billion in total capital commitments.
The investment firm, which was founded this year, closes its inaugural private equity fund $50 million above its target fundraise in less than five months.