Private Equity
The foundation is seeking an investment manager for private markets to help source and evaluate investment strategies across buyout, growth, venture capital, special situations, real estate and infrastructure.
The pacing plan calls for a total of $58 million to private debt and private equity over the next two years.
The firm closed its sixth private equity fund, which will target technology, business services, medical and industrial sectors, above its target.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.
The plan approved commitments of $30 million each to real estate and private equity funds at today’s meeting.
Plan continues working toward executing a transition of assets away from the state fund.
The commitments were recommended in closed session of yesterday’s board meeting.
The plan’s private equity committee received two investment recommendations earlier this month and approved two commitments in February.
Investors in the fund include the New York State Common Retirement Fund.
The firm has closed its latest fund, a venture capital strategy focused on rejuvenating the ecological health of the world’s oceans, above its initial target.