Private Equity
The plan committed $12 million total to its new private equity and private credit asset classes.
The plan recently placed an international large-cap equity manager on watch due to underperformance and made $80 million in total private equity commitments.
He will identify and pursue opportunities to enhance value and further scale the firm’s portfolio companies.
The fund will focus on the services, technology and consumer sectors.
The plan disclosed various recent private markets commitments at its board meeting today.
The search is for pacing purposes and is seeking manager to handle $100 million.
The plan disclosed three private equity commitments and one real assets commitment.
The plan committed $60 million total to two existing managers this month.
The fund will invest in a mix of lower middle market buyout funds and co-investments.