Private Equity
The plan has now hired a total of 12 new international equity managers this year.
The commitments will target the non-coastal regions of the U.S.
The retirement system made private equity commitments totaling $35 million in January.
The pension plan was notified of two commitments totaling $175 million last week.
The pension plan also expects to launch its executive director search next week.
The institution will consider financing agreements up to a total of more than 10% of the assets under management of two nascent companies created at the institution.
The Latina-led venture capital firm recently closed its latest fund after garnering several commitments from foundations, two endowments and a religious institution’s investment team.
The investment committee approved a pair of active large-cap equity managers to replace a factor-based allocation this week.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The retirement system made private equity commitments totaling $19 million in January.