Private Equity
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The plan also hired two credit managers in the fourth quarter.
The pension fund approved a pair of commitments that are in line with the pacing plan for 2026.
The plan also disclosed $250 million in commitments at today’s meeting.
The plan approved an up to $20 million commitment to a new fund with an existing manager relationship.
The fund approved a private equity fund-of-one commitment with a firm that was a semifinalist in its original search to build out its private equity allocation with a fund-of-one commitment in 2020.
The private equity firm closed its second fund with $2 billion in capital commitments.
The plan is seeking private equity, private real estate, private credit, public markets and compliance reporting consulting services.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
