Venture Capital
The plan was scheduled to consider RFPs for international and domestic small- to mid-cap growth equities this month.
The retirement fund added one new commitment and increased another pair last month.
The recommended hire of an additional active core-plus manager comes after the decision to implement an all-active approach.
The outsourced cio added a managing director at a prominent investment consulting firm to serve as a senior principal and lead its venture capital investing, including heading venture investment research.
The state’s technology and research fund made a new $10 million commitment to a venture firm to promote technological innovations regionally.
The latest flagship fund closed with approximately $2.4 billion in total capital commitments.
The retirement system added commitments to one new and one existing manager relationship last week.
The pension plan also added a global equity manager to its portfolio at a meeting yesterday.
A consortium promoting life-science start-up companies in the Midwest has partnered with two consultants to develop an angel investor education program to conclude its search from early 2025.
The firm recently closed its oversubscribed second strategy with nearly $100 million in capital commitments.