Private Equity
The plan’s private markets portfolio accounts for more than half of its total assets.
The fund targets top-performing, oversubscribed funds and companies.
The plan closed on three private markets commitments last month.
The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The university revised its asset allocation and added international equity and private equity managers in the fourth quarter as recommended by its general investment consultant.
The pension plan recently made $1.5 billion in total commitments and terminated two existing managers.
The retirement system approved private markets commitments at its board meeting today.
The pension plan made $851.7 million in total private equity/current return commitments and $288 million in total real estate commitments in the fourth quarter.
The plan will also consider a $30 million re-up commitment with a real estate manager.
The corporation is searching for firms to establish a state venture capital fund and to act as the manager of the fund, for which the state will be a limited partner.
