Private Equity
The plan’s full board will approve the investment committee’s commitments this week.
The state investment management board recently made three private equity commitments.
The pension plan will consider several alternatives commitments at its board meeting next week.
The plan is considering replacing an underperforming domestic equity manager and is also asking for a list of potential private equity options.
The retirement fund added a pair of commitments to existing manager relationships last month.
The retirement association was notified of credit, private equity and real estate commitments last week.
Kinterra Critical Materials & Infrastructure Opportunities Fund II closed at its hard cap of $950 million.
The oversubscribed fund closed after four months in the market.
The trust will commit $100 million in total this year.
The university added private equity, real estate, opportunistic credit and private energy strategies with new and existing managers within its endowment in fiscal year 2025.