Private Equity
The plan added approximately $300 million in commitments across August and September.
The foundation made a commitment to a local venture fund that aims to boost businesses owned by people of color in the region.
The pension plan committed $10 million to an existing private equity manager relationship and approved a 2024 private markets pacing plan in May.
The plan also made two follow-on private equity commitments.
The institution added private equity and event-driven hedge fund strategies within its endowment in the first and second quarters, while also fully redeeming from a hedge fund manager.
The plan finalized an additional $15 million commitment earlier this week.
The foundation added impact private equity and emerging markets equity strategies with new managers within its endowment in the first half of 2023.
The pension plan hired a secondary fund-of-funds manager and a primary fund-of-one manager to handle its maiden target allocation to private equity at Wednesday’s board meeting.
The pension plan received staff recommendations to fully redeem a multi-strategy hedge fund mandate and commit to a global infrastructure strategy today.
The plan expects to hear presentations from six private equity firms next month as part of a search initiated in April.