Private Equity
The plan committed $80 million across four funds to complete a recent search in the private equity space.
The firm has added a managing director to oversee its pre-seed investment strategy and portfolio that focuses on sourcing, investing and scaling high-growth, early-stage tech startups.
The plan is considering commitments to four private equity funds and one credit strategy.
Plan committed up to $17.5 million across two first-time funds last month.
Retirement fund made real estate debt and private equity commitments at the end of the third quarter.
The commitments include private credit, infrastructure, farmland and real estate.
The commitments to three firms represent new relationships.
The retirement system hired two active domestic fixed-income managers and approved a structure for its new private debt portfolio today.
The search will be for two managers to handle up to $483 million.
The plan anticipates committing up to $450 million to the asset class next year.