Private Equity
The commitments complete the plan’s private equity pacing for the year.
The plan approved private equity and tangible assets commitments at its meeting today.
The university will consider adding long/short credit and venture capital commitments with new investment managers at its board meeting this week.
The plan disclosed making private equity and absolute return commitments with existing managers during the second quarter.
The pension plan approved an up to $75 million commitment to an early-stage venture capital strategy.
The plan disclosed private equity, private credit and real estate commitments at a board meeting today.
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.