Venture Capital
The retirement system also made a venture capital commitment last month.
TCGX Fund III closes with $1.3 billion in capital commitments.
The retirement system made three private equity commitments totaling $100 million in August.
The state pension plan also committed up to $400 million across two venture capital funds at its meeting today.
The university will consider approving up to five financing agreements with startup companies recently launched from the institution’s ecosystem through its accelerator fund.
The plan will look to commit up to $400 million across two venture capital funds later this month.
A university based on the East Coast is looking to add emerging private equity and venture capital managers to its portfolio.
The retirement system finalized a pair of new manager relationships last week.
The retirement fund is seeking private equity managers across buyout/special situations, growth equity and venture capital managers.
The plan also terminated an international small-cap equity manager for performance reasons.