Private Equity
The firm recently added a new member to its business development team to support its deal origination efforts and focus on building relationships with corporate sellers.
The system expects to receive a recommendation from its general investment consultant to reinvest funds at a future board meeting after approving the termination of a hedge fund manager last week.
The board also named a new retirement manager.
The plan will consider issuing two consultant RFPs due to upcoming contract expirations and recently added a private equity commitment.
The plan concluded its private equity manager search conducted for pacing purposes.
The $300 million in total commitments went to existing managers.
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The tribe’s growth fund, which handles investments in energy, real estate and private equity, announced the launch of a new subsidiary to make majority and minority private equity investments in lower middle market companies.
The institution approved committing up to $20 million to an existing private equity manager with an additional co-investment with the firm at its investment committee meeting late last month.
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
