Private Equity
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.
The plan will receive the real estate recommendation at its board meeting next week and the private equity recommendation in late March.
The plan approved follow-on private equity commitments at a meeting today.