Private Equity
The plan committed $20 million to the asset class for pacing purposes.
The firm closed its acquisition of 100% of the equity of a platform that invests across all stages of the venture capital lifecycle.
The retirement fund also terminated a global equity manager-of-managers and made commitments totaling $695.6 million in October.
The fund has launched a search for investment managers that are raising capital for investment funds that align with its impact areas of diverse entrepreneurship, economic mobility and innovation.
The firm’s sixth private equity fund surpassed its $4 billion target.
The retirement fund also disclosed commitments totaling $1.1 billion in September.
The fund expects to hear recommendations to add private markets and real estate commitments next year.
The plan interviewed five total private equity firms last quarter.
The fund closes above its $1.25 billion target at $1.44 billion.
The plan expects to approve three recommended finalists for future interviews at this week’s board meeting.