Private Equity
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.
The plan created a 3% target to private equity at its board meeting this week.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The firm has partnered with a financial technology company to launch a blockchain option within its private assets fund.