Private Equity
The agency has issued an RFQ seeking investment managers to launch a $50 million venture capital fund targeting startups in a Midwestern state.
The plan committed to a fund jointly managed by its outsourced cio.
The state authority is seeking firms to deploy capital on behalf of four fund opportunities.
The plans increased their private equity targets after receiving an asset allocation study in October.
Plans added a re-up commitment to a private equity firm and a new commitment with a real estate firm this week.
The plan’s incumbent manager will see its contract expire this year.
The plan disclosed various private credit and private equity commitments at today’s board meeting.
The plan committed $120 million total to two existing manager relationships this week.
The plan’s incumbent manager was recently placed on watch for underperformance.
The plan terminated an approximately $182 million long-only alpha mandate and made commitments to three existing and one new manager relationship in January.