Private Equity
The search is for venture capital, lower middle market, growth equity, turn-around and pre-IPO strategies to complement the fund’s existing core private equity portfolio.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The pension fund approved three commitments to existing manager relationships this week.
The plan selected a fund from a search report that included both secondaries and fund-of-funds options.
Fund IV closes with $865 million in commitments, the largest in the firm’s history.
The pension system added $340 million in private markets commitments in the second quarter.
The university approved adding new private equity managers as well as re-upping a commitment with an existing venture capital manager within its endowment.
The firm is launching a venture capital fund that will invest in early-stage companies using climate technology and artificial intelligence to improve real assets.
