The plan committed $25 million to a new non-core real estate manager and approved a fiscal 2023 private markets pacing plan this month.
Plan will look to increase a direct lending fund-of-one commitment to $500 million from $300 million this week.
He will focus on industrial decarbonization projects at Ara portfolio companies.
The fund will make non-control special situations investments in the technology, industrial and consumer sectors.
The plan recently made commitments with nine existing managers and one new manager.
Fund closed with $4.9 billion in commitments.
The plan is seeking firms that offer core and specialized private equity consulting services.
The plan made two maiden private equity commitments after receiving educations on the asset class in April.
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.
The plan authorized staff to issue the RFP in November and committed to an existing buyout manager at yesterday’s board meeting.