Venture Capital
The plan has now hired a total of 12 new international equity managers this year.
The commitments will target the non-coastal regions of the U.S.
The retirement system made private equity commitments totaling $35 million in January.
The institution will consider financing agreements up to a total of more than 10% of the assets under management of two nascent companies created at the institution.
The Latina-led venture capital firm recently closed its latest fund after garnering several commitments from foundations, two endowments and a religious institution’s investment team.
The institution is looking for a program and associated vendor to deliver technical training, peer-based learning and enhanced networking for its portfolio designed support early-stage startups in emerging markets.
The plan has awarded approximately $1.2 billion across three managers.
The plan’s private markets portfolio accounts for more than half of its total assets.
The fund targets top-performing, oversubscribed funds and companies.
The plan will also consider a $30 million re-up commitment with a real estate manager.