Private Equity
The retirement system’s board also approved up to $250 million across private markets commitments at today’s meeting.
TCGX Fund III closes with $1.3 billion in capital commitments.
The fund received roughly $11.8 billion in external commitments.
The retirement fund disclosed eight commitments totaling $1.1 billion in July.
The hire concludes an RFP process that began in January.
The private equity firm’s second fund closed at its $260 million hard cap.
The retirement system also recently made two private markets commitments.
The retirement system will also look to commit up to $250 million across private markets commitments.
The retirement fund also hired an emerging markets equity manager last week.
The commitments include three new manager relationships for the retirement system.