Private Equity
Plan added three commitments totaling $310 million at this week’s board meeting.
The commitments were made with two existing managers.
The funds surpassed their respective fundraising goals.
The agency has issued an RFP seeking private venture capital funds based in Oklahoma and interested in participating in the state’s venture capital investments program, which is funded by the U.S. Treasury State Small Business Credit Initiative program.
The hospital system has launched a healthcare innovation fund to support healthcare-related startups, technology or service innovations and has already made two commitments of up to $1 million each.
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
Plan will review proposed 2023 pacing plans for four portfolios at Thursday’s board meeting.
The plan retained two managers based on the recommendation of its general investment consultant.
The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The plan disclosed several new private markets commitments in its December board meeting materials.