Searches And Hires
The Lone Star pension system added a pair of private equity commitments totaling $45 million in recent months.
The six commitments represent new relationships for the pension plan.
The plan will transition to the new general consultant by the end of the quarter.
The plan’s current managers were first hired in 2016 following a similar RFP process.
The plan also concluded its domestic large-cap value equity manager search.
The hire follows a private debt search report conducted by the retirement system’s general investment consultant.
The pension plan approved four commitments totaling $110 million and 2024 real estate and real assets pacing plans yesterday.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
The plan began an invitation-only search last quarter.
The West Coast retirement system consolidated to one manager from two at today’s board meeting.