Private Equity
The university and the investmen¬t arm of a European foundation have both committed to a venture fund focused on climate-related technologies that recently closed.
A return-driven investment platform managed by global private equity real estate firm has completed its inaugural investment in an emerging multifamily real estate firm that targets repositioning assets in primary and secondary markets across the South and Midwest.
The foundation is looking to add diverse-owned managers, of which currently has four, to its portfolio along with regionally focused investments.
The retirement system made two private equity commitments with existing manager relationships earlier this month.
The venture fund focuses on later-stage growth investments in top performing companies across technology, healthcare and climate tech.
The plan will see its overall private markets target increase to 40% from 33%.
The firm elected the managing partner of a private equity firm as the new chair of its board of trustees in early March.
Institutions should not time the private markets or sit out tough years in venture capital as they will miss out on opportunities for attractive, long-term returns, according to a recent whitepaper, which finds that institutions benefit from well-constructed early-stage venture capital programs that have differentiated access, strong sourcing and due diligence processes to navigate a complex market with a challenging exit environment.
The pension plan will review its domestic core fixed-income manager search at an April 26 board meeting and selected a new executive director last month.
The retirement system made up to $250 million in private equity commitments among new and existing relationships.