Private Equity
The private equity firm’s second fund closed at its $260 million hard cap.
The retirement system also recently made two private markets commitments.
The retirement system will also look to commit up to $250 million across private markets commitments.
The retirement fund also hired an emerging markets equity manager last week.
The commitments include three new manager relationships for the retirement system.
The plan recently made $285 million in private markets commitments.
The pension fund also approved a private equity commitment and retained its general investment consultant following a search.
The board hired an intermediate manager to replace a short-term bond mandate.
The retirement system is seeking a replacement for a recently terminated domestic equity manager.
The university revised the asset allocation for its long-term investment pool, increasing its allocation to domestic and private equity, as part of a new investment policy statement approved at its September board meeting.