Private Equity
The plan added up to $1.625 billion in new commitments at last week’s meetings.
The plan committed $910 million total to one new manager and two existing managers this week.
The plan disclosed two private equity commitments and its exposure to the bankrupt cryptocurrency exchange yesterday.
The fund focuses on early-stage start-up companies in the U.S. or Israel.
The trust fund added private equity and private infrastructure commitments as part of the buildout of illiquid assets in its portfolios.
The fund focuses on early-stage start-up companies in the U.S. or Israel.
The fund is looking for multi-family real estate specialist managers as it looks to transition some of its portfolio’s overweight industrial exposure to multi-family real estate.
The plan added a $10 million commitment to a fund-of-funds vehicle last month.
Plan’s exposure to the cryptocurrency exchange represents less than 0.01% of the total portfolio.
The board of trustees will consider the placing plans at its Dec. 20 meeting.