Private Equity
The retirement system also voted to recommend the liquidation of an international small-cap equity manager at today’s investment committee meeting.
The retirement system also made one full redemption at today’s board meeting.
The retirement association recently made two redemptions for performance reasons.
The former head of private markets launched a firm focused on helping institutional investors execute secondary investments.
The commitments to three firms totaled $180 million.
The firm closed its inaugural venture capital fund with more than $60 million in commitments from institutional investors, corporates, multi-family offices and other strategic backers.
The venture and growth equity firm focused exclusively on healthcare companies recently completed the final close on its fourth fund.
The fund reissued its RFP seeking an investment advisor for a public venture fund that invests in small businesses or entrepreneurs across the state.
The retirement system added $50 million to two funds with an existing manager relationship.
The plan also terminated three equity mandates as part of a domestic equity portfolio restructuring.
