Private Equity
The commitment is part of the retirement system’s pacing schedule for the asset class.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system approved commitments following finalist presentations held last month.
The pension fund approved new private markets commitments across private equity, credit and real assets at today’s meeting.
The pension system made $116.5 million in new private markets commitments in July.
The retirement system made commitments to two firms today after interviewing four managers last month.
The retirement system also made a follow-on private equity commitment today.
The search is for venture capital, lower middle market, growth equity, turn-around and pre-IPO strategies to complement the fund’s existing core private equity portfolio.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
