Private Equity
The strategy is more than twice the size of its predecessor fund and will invest in underserved lower middle market businesses with a focus on healthcare, software and services industries.
The system increased its investment with an existing long/short hedge fund manager and added two private equity commitments with existing managers earlier this month.
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.
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.