Private Equity
The plan hired two firms to provide alternative asset consulting at its board meeting last week.
The plan moved an additional $30 million to an active equity manager hired over the summer.
The plan was notified of four commitments in closed session at yesterday’s board of investments meeting.
The plan will also target more $720 million to alternative funds in 2023.
The organization launched a private market ESG fund that aligns with its environmentalist mission with an initial allocation of $19 million.
The plan is set to commit $20 million annual over the next five years.
The plan is set to commit up to $850 million to private equity next year.
The plan added a re-up commitment to an existing relationship.
The plan also disclosed private equity, real estate and strategic investments from the third quarter.