Private Equity
The plan expects to hear presentations from six private equity firms next month as part of a search initiated in April.
The retirement plan committed to three firms following finalist interviews held yesterday.
The plan also approved a private equity commitment as it continued talks in its ongoing asset/liability study at a meeting today.
The plan hired several managers at its board meeting today, totaling more than $1 billion.
The plan approved a private equity commitment at today’s meeting.
The commitments are part of general investment consultant Callan’s 2024 private equity pacing and reinvestments model.
The university approved adding long/short credit and venture capital commitments with new investment managers at its September board meeting.
The commitments include maiden investments in private credit.
The plan terminated an opportunistic mandate for performance reasons last week.
The pension plan disclosed two private equity commitments yesterday.