Private Equity
The institution hired two domestic small-cap equity managers and added two venture capital commitments with existing managers at a meeting late last week.
New allocation is contingent on full board approval after receiving approval from the investment committee this week.
Plan expects to add private equity commitments totaling $60 million following investment committee approval earlier this week.
The plan conducted a similar search in 2021 that did result in any hires.
The commitments include two new relationships for the council.
The search is open to buyout, growth equity and venture capital strategies.
The plan is considering follow-on commitments to eight existing managers.
The plan’s private equity committee considered three commitments totaling $90 million this month.
The plan disclosed $183.5 million in recent private equity, private credit and real assets commitments this week.
The plan committed $175 million total to two existing managers last week.