Private Equity
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.
The plan added $120 million across two commitments with existing manager relationships in recent weeks.
The firm promoted a director to managing director, two v.p.s as principals and a senior analyst to v.p.
The alternatives manager has completed the first close of its latest strategy targeting venture fund-of-funds and direct investments in technology companies.
The plan recently committed approximately $2.2 billion total to nine funds.
The plan will revisit a proposed asset allocation that would incorporate a maiden private credit target at next month’s board meeting.
The search follows the departure of an investment associate that left at the beginning of the year to join a West Coast endowment.
Plan disclosed real estate and private equity commitments with existing manager relationships.
The plan added a European private equity commitment in the first quarter.
The plan’s incumbent consultants had their contracts renewed until early 2024.
