Private Equity
The pension plan will be looking to fill a new 4% target to the sub-asset class.
The plan made two commitments in the asset class since its last board meeting.
The institution is looking for a program and associated vendor to deliver technical training, peer-based learning and enhanced networking for its portfolio designed support early-stage startups in emerging markets.
The university is looking to add private equity commitments to its portfolio on the heels of maiden commitments to the asset class in the fourth quarter.
The retirement system added $160 million in new private equity and hedge fund allocations in recent months.
The plan has awarded approximately $1.2 billion across three managers.
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.