Private Equity
Fund was oversubscribed and closed above its initial hard cap of $6 billion.
The plan is expected to issue a private equity manager RFP in the next few months.
The commitments include four new managers for the plan.
The Lone Star pension system added a pair of private equity commitments totaling $45 million in recent months.
The six commitments represent new relationships for the pension plan.
The plan will seek full board approval for two private markets commitments next month.
The pension plan approved four commitments totaling $110 million and 2024 real estate and real assets pacing plans yesterday.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
The sustainable investment platform made a strategic minority investment in a minority and woman-owned middle market private equity firm and the investment will provide growth capital to enhance the firm’s infrastructure, capital base, human capital and overall resources.
The pension plan made 14 commitments across its private equity and real estate portfolios in the fourth quarter.