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Stay up to date on the latest industry insights on fundraising news, searches, personnel changes and more.

Insights on the go: Dakota Fundraising News Podcast

  • Pathstone & Crestone Merge, New Faces at American University & BMO, Investment Strategies + Searches

    Listen on your favorite platform.

  • Fairfax & California Pension Activity, RIA Mergers, and AIMco’s big moves

    Listen on your favorite platform.

  • Emerging Manager Leadership, Alternative Allocations & Consultants, UBS & Merrill Moves

    Listen on your favorite platform.

  • Illinois' New CIO, LPL's, Expansion, Summit's Acquisition Moves

    Listen on your favorite platform.

  • Mariner’s Move, Mass PRIM’s 2024 Vision, & OneDigital Acquires WealthSource

    Listen on your favorite platform.

  • Job changes in Consulting, Blue Springs Acquisition, Oregon Invests $850M

    Listen on your favorite platform.

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Kern County Investing $115M to Alts

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Kern County Investing $115M to Alts

According to meeting materials from the February 14th board meeting, the Kern County Employees’ Retirement Association is planning to commit $115 million across two alternative investments. In...

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Massachusetts Water Rehires NEPC

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Massachusetts Water Rehires NEPC

The Massachusetts Water Resources Authority Retirement System has rehired NEPC for the investment consultant search. Other finalists including Dahab, Meketa, and Verus also presented for...

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Rhode Island Invests $40M to Real Estate, Infrastructure

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Rhode Island Invests $40M to Real Estate, Infrastructure

The Rhode Island State Pension has approved two commitments totalling $40 million to real estate and real assets according to meeting minutes. In real assets, a commitment of $25 million was approved...

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Santa Barbara County ERS Commits $40M to Alternatives

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Santa Barbara County ERS Commits $40M to Alternatives

At the February 28 Meeting, the Santa Barbara County Employees’ Retirement System approved commitments totaling $40 million to alternatives. $10 million was committed to Lone Star Real Estate Fund...

Podcast

Santa Barbara's 2024 Investment Plan, Global Equity in Favor, Endeavor Wealth's New Chapter

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Kestra Loses FA Team to The AmeriFlex Group

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Kestra Loses FA Team to The AmeriFlex Group

The AmeriFlex Group, an Osaic-affiliated hybrid RIA firm based in Las Vegas, has acquired Colorado-based ERSI Wealth Management. The team manages approximately $400 million in assets and consists of...

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Tupelo Wealth Partners Joins Commonwealth Financial

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Tupelo Wealth Partners Joins Commonwealth Financial

Commonwealth Financial Network has successfully welcomed an advisor team from Lincoln Investment, bringing in approximately $384 million in assets. The team, based in Harleysville, Pennsylvania,...

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Norwood Retirement Seeking Global Equity Managers

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Norwood Retirement Seeking Global Equity Managers

The Norwood Retirement System is looking to commit $25 to $30 million to a global equity manager. An RFP was recently issued through their consultant, Meketa. According to the latest annual report,...

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University of Houston Investing $50M to Global Equity

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University of Houston Investing $50M to Global Equity

The University of Houston System Endowment is investing $50 million in the Jennison Global Equity Opportunities fund. Jennison is a new partnership for the Endowment. As of December 31, 2023, the $1...

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Santa Barbara Reviews 2024 Private Markets Plans

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Santa Barbara Reviews 2024 Private Markets Plans

The Santa Barbara County Employees’ Retirement (SBCERS) recently reviewed the 2024 strategic plans for their Private Equity, Private Real Return, and Private Real Estate portfolios with investment...

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Illinois Municipal Looking to Add to Alts; Increasing Allocation to Minority, Women Firms

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Illinois Municipal Looking to Add to Alts; Increasing Allocation to Minority, Women Firms

According to a February 23rd news release, the Illinois Municipal Retirement Fund (IMRF) approved an updated strategic asset allocation mix including an increase to their target to alternative...

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Seth Marshall Launches Endeavor Wealth Strategies

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Seth Marshall Launches Endeavor Wealth Strategies

Advisor Seth Marshall has launched Endeavor Wealth Strategies and transitioned to LPL Financial, through an alignment with Exemplar Financial Network. The team, previously affiliated with PNC Private...

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$320M Merrill FA Team Flees to Ameriprise

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$320M Merrill FA Team Flees to Ameriprise

Ameriprise Financial has welcomed a new advisor team from Merrill Lynch, bringing with them $320 million in client assets. The team, based in Tacoma, Washington, operates as Guthrie Rouner Group and...

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Plymouth County Seeking Global Equity Managers

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Plymouth County Seeking Global Equity Managers

The Plymouth County Retirement Association has issued an RFP for Global Equity Managers. The search is for a $20 to $40 million mandate. Proposals are due March 15th, 2024. Investment consultant,...

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Illinois Municipal Commits $125M to Private Equity

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Illinois Municipal Commits $125M to Private Equity

The Illinois Municipal Retirement Fund (IMRF) has approved up to $125 million in commitments to private equity in their February Board Meeting. The board approved the commitment of up to $75 million...

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Montana Invests $110M to Private Equity

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Montana Invests $110M to Private Equity

The Montana Board of Investments has allocated approximately $110 million to two private equity funds, according to materials from the February board meeting. £40 million (~$50M) was committed to...

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LGPS Central Announces New CEO

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LGPS Central Announces New CEO

The Local Government Pension Scheme (LGPS) Central has announced in a press release on February 23rd that Richard Law-Deeks will become their new CEO. Richard Law-Deeks will start as the new CEO for...

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Raymond James Adds Merrill Trio In Florida

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Raymond James Adds Merrill Trio In Florida

Raymond James has recruited an advisor team from Merrill Lynch. The team, the Anderson McKelvey Group, includes advisors Jesse Anderson, Christopher McKelvey, and Anthony Gilotti, and is based in...

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Mercer Global Head of Real Assets, Wells Fargo Hiring Spree, LACERS Private Credit Goals

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New Orleans Municipal Issues Core Plus Fixed Income RFP

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New Orleans Municipal Issues Core Plus Fixed Income RFP

The City of New Orleans Employees’ Retirement System (NOMERS) has recently issued a Core Plus Fixed Income RFP on their website. The search is for a $15 to $20 million mandate. According to the RFP,...

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Ohio School Employees' Commits $85M to Alts

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Ohio School Employees' Commits $85M to Alts

The School Employees’ Retirement System of Ohio has disclosed four commitments totalling $85 million to private credit, real estate, and real assets, per meeting highlights from the February 2024...

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LACERS Commits $235M to Alts

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LACERS Commits $235M to Alts

According to meeting materials from the February 27th investment committee meeting, the Los Angeles City Employees’ Retirement System has approved 9 commitments to private equity and venture capital...

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Oklahoma Muni Looking to Commit $30M to Private Equity

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Oklahoma Muni Looking to Commit $30M to Private Equity

According to meeting materials from the February 28th investment committee meeting, the Oklahoma Municipal Retirement Fund is aiming to commit $15 million to private equity in 2024 and in 2025....

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Wells Fargo Hauls Advisors from UBS, Stifel, Others

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Wells Fargo Hauls Advisors from UBS, Stifel, Others

Wells Fargo has expanded its network by hiring nine financial advisors in January. The advisors oversaw a combined total of about $950 million in assets at their previous firms. Kevin Connelly, a top...

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FA Duo Joins LPL to Launch Independent Practice

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FA Duo Joins LPL to Launch Independent Practice

Financial advisors James "Jamie" P. Debuque and Timothy M. Baltz have launched a new independent practice, Continuity Private Wealth, through LPL Financial. The duo was previously affiliated with...

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LACERS Targeting $600M to Private Credit in 2024

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LACERS Targeting $600M to Private Credit in 2024

The Los Angeles City Employees’ Retirement System has reviewed their private credit strategic plan for 2024, according to materials from the February 13th Board meeting. A presentation from their...

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Texas County Commits $61.7M to Main Capital

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Texas County Commits $61.7M to Main Capital

The Texas County and District Retirement System announced two investments totaling €57 million ( approximately $61.7 million) to two private equity funds from Main Capital Partneres. The investments...

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Boston Retirement Aiming $165M to Private Markets; Planning International Small Cap Search

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Boston Retirement Aiming $165M to Private Markets; Planning International Small Cap Search

The Boston Retirement System has approved the 2024 private markets pacing plan, as disclosed in meeting minutes from the January 17th board meeting. Investment Consultant, NEPC, recommended...

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New Hampshire Adds to Private Credit Target; Introduces Infrastructure Allocation

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New Hampshire Adds to Private Credit Target; Introduces Infrastructure Allocation

The New Hampshire Retirement System has approved a new target allocation mix, according to meeting minutes from the February 13th Investment Committee. New Approved Target Asset Allocation Mix: -...

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The Retirement Planning Group Acquires Kansas RIA

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The Retirement Planning Group Acquires Kansas RIA

The Retirement Planning Group (TRPG) has acquired 100% of the assets of Dightman Capital Group, Inc., an RIA based in Overland Park, Kansas. Brian Dightman, President of Dightman Capital Group, will...

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NEST Appoints Lombard Odier for Global Thematic Equity

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NEST Appoints Lombard Odier for Global Thematic Equity

The National Employment Savings Trust (NEST) has appointed Lombard Odier Investment Managers to manage a global thematic equities mandate. Lombard Odier will manage a long-term mandate with...

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Howard County Targeting $74M to Private Markets in 2024

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Howard County Targeting $74M to Private Markets in 2024

The Howard County Master Trust reviewed their 2024 private markets pacing plan at the February Board meeting. In a presentation from investment consultant NEPC, it was recommended that a total of $74...

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San Mateo Invests $60M to Emerging Markets Debt

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San Mateo Invests $60M to Emerging Markets Debt

The San Mateo County Employees’ Retirement Association has approved an investment of $60 million to emerging market debt according to minutes from the January 23 Board meeting. $60 million was...

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New Hampshire Commits $100M to Private Equity

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New Hampshire Commits $100M to Private Equity

The New Hampshire Retirement System has approved $100 million in commitments to private equity, according to meeting minutes from the February 13th Investment Committee meeting. $50 million was...

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California FA Team Departs to Stratos

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California FA Team Departs to Stratos

Pettinelli Financial Partners, a large financial advisor team based in Redwood City, California, has moved from Osaic Wealth to Stratos Wealth Partners. The team, led by founder Dennis Pettinelli and...

Podcast

Pathstone & Crestone Merge, New Faces at American University & BMO, Investment Strategies + Searches

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Dallas ERF Selecting 3 for Private Credit Search

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Dallas ERF Selecting 3 for Private Credit Search

The Dallas Employees’ Retirement Fund is hiring three managers for their private credit search that was issued in 2023, according to materials from the February 13th Board of Trustees meeting. $20...

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Boston Retirement Looking to Place $60M to Private Debt

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Boston Retirement Looking to Place $60M to Private Debt

Boston Retirement System has issued an RFP for private debt managers. The search will focus only on direct lending and credit opportunities strategies. In 2023, the Retirement System committed $70...

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Baltimore Hires Two for Private Credit Search

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Baltimore Hires Two for Private Credit Search

The City of Baltimore Employees’ Retirement System has recently disclosed the decision to hire two private credit managers for a direct lending search that was issued last year. According to meeting...

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NY State Deferred Seeks Active U.S. Equity Managers

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NY State Deferred Seeks Active U.S. Equity Managers

The $35.3 billion New York State Deferred Compensation Board has issued an RFP for Active U.S. Equity managers through their investment consultant, Callan. Strategies that will be considered include:...

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David Eisenhauer Goes Independent to Launch Greykasell Wealth Strategies

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David Eisenhauer Goes Independent to Launch Greykasell Wealth Strategies

David Eisenhauer, a financial advisor who managed approximately $450 million in client assets at Northwestern Mutual, has left the broker-dealer to start his own firm, Greykasell Wealth Strategies....

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Baltimore ERS Extends Meketa Contract

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Baltimore ERS Extends Meketa Contract

According to meeting minutes from the December 21st board meeting, the City of Baltimore Employees’ Retirement System has approved a contract extension with Meketa Investment Group. The Board...

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Indiana PRS Invests in Wellington Core Bond Plus; Commits $300M to Alts

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Indiana PRS Invests in Wellington Core Bond Plus; Commits $300M to Alts

According to meeting materials from the February 16th board meeting, the Indiana Public Retirement System has approved four alternative investments totalling approximately $300 million, in addition...

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PA Treasury Invests $25M to Infrastructure

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PA Treasury Invests $25M to Infrastructure

The Pennsylvania Treasury Department announced an investment of $25 million in real assets, according to a news release published February 20th by the PA Treasurer's Office. $25 million was allocated...

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Washington State Commits $300M to VC, Private Credit

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Washington State Commits $300M to VC, Private Credit

The Washington State Investment Board has disclosed two investments in venture capital and private credit totaling $300 million, according to materials from the February 15th Board meeting. In...

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Allworth Financial Acquires $300M California RIA

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Allworth Financial Acquires $300M California RIA

Allworth Financial has acquired Brennan Asset Management, a registered investment advisor based in Redding, California. Robert Brennan, the founder and CEO of Brennan Asset Management, expressed his...

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Bice Wealth Management Joins LPL Financial

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Bice Wealth Management Joins LPL Financial

Cubby Bice has recently shifted his practice, Bice Wealth Management, to LPL Financial. Bice made this move from Osaic to leverage LPL's broker-dealer, RIA, and custodial platforms, bringing along...

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Oklahoma TRS Targeting $375M to Private Equity in 2024

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Oklahoma TRS Targeting $375M to Private Equity in 2024

The Teachers’ Retirement System of Oklahoma reviewed their 2024 Private Equity Plan at the January 24th board meeting. In a presentation from Franklin Park, planned commitments for the year include...

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MLGW Rehires Investment Consultant

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MLGW Rehires Investment Consultant

The Memphis Light, Gas and Water Commissioner has rehired CBIZ Investment Advisory for the general investment consultant RFP that was issued in 2023. The contract will be for a 5 year term. Eight...

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University of Michigan Commits $170M to Alts

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University of Michigan Commits $170M to Alts

The University of Michigan Investments Office disclosed three alternative investments totaling $170 million. In real assets, $75 million was committed to Peppertree Capital Management. Within venture...

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Alameda Eyeing $50M for Real Estate Debt Fund

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Alameda Eyeing $50M for Real Estate Debt Fund

Alameda County Employees’ Retirement Association is targeting a $50 million real estate commitment. According to materials from the February board meeting, a $50 million commitment is being...

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Prospera Financial Welcomes $650M California Firm

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Prospera Financial Welcomes $650M California Firm

Prospera Financial Services, a boutique wealth management firm, has broadened its network through the inclusion of Painter, Smith & Amberg, Inc. The team is led by advisors Charles Painter, David...

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Raymond James Adds $340M Former Morgan Stanley Team

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Raymond James Adds $340M Former Morgan Stanley Team

Raymond James has added two financial advisors, David Behar and David "Dave" Nagel, from Morgan Stanley, forming the Behar-Nagel Group within Raymond James & Associates in Hallandale Beach, Florida....

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Sacramento County Commits $50M to Hedge Fund

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Sacramento County Commits $50M to Hedge Fund

The $12.8 billion Sacramento County Employees’ Retirement System has disclosed a $50 million investment in the Junto Capital Partners LP. Junto Capital Management is a New York based hedge fund...

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LA Fire & Police Targeting $800M to Private Equity in 2024

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LA Fire & Police Targeting $800M to Private Equity in 2024

The Los Angeles Police & Fire Pension System recently reviewed the 2024 private equity commitment pacing plan. In a presentation from private equity consultant Portfolio Advisors, it was recommended...

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Charles Emond Remains as CDPQ CEO

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Charles Emond Remains as CDPQ CEO

Caisse de dépôt et placement du Québec (CDPQ) Board of Directors announced in a press release on February 7th that President and CEO, Charles Emond’s mandate has been renewed effective immediately....

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Fairfax Educational Supplementary Retirement Commits $16M to Alts

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Fairfax Educational Supplementary Retirement Commits $16M to Alts

The Fairfax County Educational Employees' Supplementary Retirement System has disclosed three commitments totaling $16.25 million to private equity, real estate, and real assets, according to meeting...

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Pathstone Acquires Colorado-based Crestone Capital

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Pathstone Acquires Colorado-based Crestone Capital

Pathstone has acquired Crestone Capital, a Boulder, Colorado-based registered investment advisor firm managing over $3 billion in client assets. Crestone, established in 1991 by Eric Kramer, focuses...

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David Eisenhauer Goes Independent to Launch Greykasell Wealth Strategies

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David Eisenhauer Goes Independent to Launch Greykasell Wealth Strategies

David Eisenhauer, a financial advisor who managed approximately $450 million in client assets at Northwestern Mutual, has left the broker-dealer to start his own firm, Greykasell Wealth Strategies....

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New Fund Launches for the First Half of February

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New Fund Launches for the First Half of February

In the fast-paced world of asset management, staying abreast of industry trends and competitor activities is crucial. Recognizing this need, we’ve distilled the latest information from Form D filings...

Podcast

Fairfax & California Pension Activity, RIA Mergers, and AIMco’s big moves

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Cetera Adds Former Myrtle Beach LPL Team

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Cetera Adds Former Myrtle Beach LPL Team

Cetera Financial Group has expanded its network by welcoming Regal Wealth Advisors to Summit Financial Networks, a division of Cetera Advisor Networks LLC. Regal Wealth, known for its extensive...

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Former UBS FA Team Departs to Morgan Stanley

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Former UBS FA Team Departs to Morgan Stanley

Morgan Stanley has recruited a veteran team of financial advisors from UBS, consisting of Jonathan Torop and Gregory Lang, based in Midtown Manhattan. The duo was responsible for managing...

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Fairfax Educational Reviews 2024 Private Markets Commitment Pacing Targets

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Fairfax Educational Reviews 2024 Private Markets Commitment Pacing Targets

The Educational Employees Supplementary Retirement System of Fairfax County reviewed their 2024 Private Markets pacing plan at the January 26th Board meeting. In a presentation from investment...

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Kern County Committing $125M to Alts

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Kern County Committing $125M to Alts

According to meeting materials from the December 11th Investment Committee meeting, the Kern County Employees Retirement Association is looking to commit $125 million, to private equity, private...

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LACERA Commits $385M to Private Equity

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LACERA Commits $385M to Private Equity

The Los Angeles County Employees Retirement Association has recently made up to $385 million commitments to private equity according to the January 10 board meeting minutes. $250 million was...

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AIMCo Opens New York Office; Looking to Grow Private Credit

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AIMCo Opens New York Office; Looking to Grow Private Credit

The Alberta Investment Management Corporation (AIMCo) has announced the opening of their New York office, further expanding its global presence. With a team based in Manhattan, AIMCo aims to...

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AIMco Introduces $1B Energy Transition Fund

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AIMco Introduces $1B Energy Transition Fund

The Alberta Investment Management Corporation recently introduced it’s Energy Transition Opportunities Pool (ETOP). ETOP is a $1 billion fund dedicated to investing in the global energy transition...

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Aurora General Employees' Considering Private Debt

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Aurora General Employees' Considering Private Debt

The City of Aurora General Employees’ Retirement Board discussed the possibility of adding private debt exposure to the portfolio, according to minutes from the November 16th Board meeting....

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San Francisco ERS Commits $230M to Alts

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San Francisco ERS Commits $230M to Alts

The San Francisco Employees’ Retirement System made four investments to alternatives, totaling $230 million. In venture capital, $75 million was committed to Institutional Venture Partners XVIII. In...

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Colorado Fire & Police Commit $81.7M to Alts

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Colorado Fire & Police Commit $81.7M to Alts

The Colorado Fire and Police Pension Association approved four recent commitments to alternatives, totaling $80 million, according to materials from the February 15th Board meeting. Within private...

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Former Wells Fargo Team Joins Stifel

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Former Wells Fargo Team Joins Stifel

Stifel has added Chehalis, WA-based Columbia Crest Financial Advisors, which manages approximately $335 million in assets. They were previously part of Wells Fargo and led by Richard Reith and Laura...

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Perigon Wealth Acquires $425M RIA

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Perigon Wealth Acquires $425M RIA

Perigon Wealth Management has acquired Prudeo Partners, a registered investment advisor firm. Prudeo Partners was formerly known as Asset Management & Financial Planning. The firm, based in West...

Podcast

Emerging Manager Leadership, Alternative Allocations & Consultants, UBS & Merrill Moves

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Alaska Retirement Issues RFPs for General and Real Assets Consulting

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Alaska Retirement Issues RFPs for General and Real Assets Consulting

The Alaska Retirement Management Board issued 2 RFPs for general investment and real assets consultants on February 12th. Proposals for both RFPs are due by March 13, 2024. The $38.3 billion pension...

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Dearborn Police & Fire Renews Graystone

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Dearborn Police & Fire Renews Graystone

The City of Dearborn Police & Fire Revised Retirement System has renewed Graystone consulting for their general consultant, according to meeting minutes from the December 21st Board meeting. The...

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LA Police & Fire Commits $135 million to Alts

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LA Police & Fire Commits $135 million to Alts

According to meeting materials for the February 15, 2024 board meeting, the Los Angeles Police & Fire Pension System has approved four commitments to private equity, real estate, and private credit....

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Virginia RS Commits to Alts; Closes Low Volatility Investments

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Virginia RS Commits to Alts; Closes Low Volatility Investments

According to meeting materials from the February 8th board meeting, the Virginia Retirement System has approved five commitments to real assets, global equities, and hedge funds totaling $1.85...

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Houston Police Commits $40M to Private Credit

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Houston Police Commits $40M to Private Credit

The Houston Police Officers’ Pension System has recently made a $40 million commitment to Golub GEMS VI. HPOPS has previously invested in Golub BDC3, Golub X, and Golub XII private credit strategies....

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Florida SBA Q4 2023 Commitments

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Florida SBA Q4 2023 Commitments

The Florida State Board of Administration (SBA) has released a manager report disclosing 10 commitments made in Q4 of 2023. $1 billion was allocated to a dedicated global equity strategy managed by...

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Santa Barbara ERS Terminates Small Cap Manager

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Santa Barbara ERS Terminates Small Cap Manager

The Santa Barbara County Employees Retirement System has terminated the Rice Hall James Small Cap Equity Strategy, according to minutes from the January 24th board meeting. The termination was a...

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NY Common Appoints Emerging Managers Director

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NY Common Appoints Emerging Managers Director

The New York State Common Retirement Fund has appointed Sylvester McClearn as Director of their Emerging Managers Program. He had previously been appointed as Interim Director of the Program in...

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New York STRS Commits $830M to Alts

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New York STRS Commits $830M to Alts

The New York State Teachers Retirement System disclosed seven alternative investments, totaling $830 million, according to materials from the January 25th board meeting. With in private equity, $150...

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San Joaquin Commits $40M to Private Credit

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San Joaquin Commits $40M to Private Credit

According to meeting minutes from the December 9th board meeting, the San Joaquin County Employees Retirement Association has approved a $40 million commitment to Oaktree Special Situations Fund III....

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Laredo Firefighters' Commits $2M to Private Equity

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Laredo Firefighters' Commits $2M to Private Equity

The Laredo Firefighters' Retirement System has made a $2 million commitment to Kohlberg Investors X, according to meeting minutes. Funding will come from the Fidelity 500 Index Fund. Investment...

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Arkansas TRS Increases Fixed Income Target; Invests $500M to Baird

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Arkansas TRS Increases Fixed Income Target; Invests $500M to Baird

The Arkansas Teachers Retirement System has approved increasing their target allocation to fixed income. The fixed income target allocation increased from 15% to 20%. As a result, the public equity...

Podcast

Illinois' New CIO, LPL's Expansion, Summit's Acquisition Moves

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Texas TRS Commits $175 million to Alts

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Texas TRS Commits $175 million to Alts

According to materials from the January 2024 board meeting, the Teachers Retirement System of Texas has approved two commitments to private equity totaling $175 million. $125 million was allocated to...

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Arkansas TRS Commits $125M to Alts

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Arkansas TRS Commits $125M to Alts

The Arkansas Teachers Retirement System disclosed three recent commitments to alternatives totaling $125 million, according to minutes from the February 5th Board meeting. In real assets, $50 million...

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Illinois State Board Names New CIO

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Illinois State Board Names New CIO

According to a recent press release from February 1, the Illinois State Board of Investment has appointed Dipesh Mehta as their Executive Director and Chief Investment Officer. Mehta has been with...

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OMERS Names Chief Pension Officer

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OMERS Names Chief Pension Officer

According to a recent LinkedIn post released on February 6th, the Ontario Municipal Employees Retirement System has announced that Celine Chiovitti will be named the new Chief Pension Officer....

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LA Fire & Police Renews Investment Consultant

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LA Fire & Police Renews Investment Consultant

According to materials from the January board meeting, the Los Angeles Police & Fire Pension System has extended its contract with RVK for general investment consulting services. The contract that...

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Chicago MWRDRF Issues Investment Consultant RFP

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Chicago MWRDRF Issues Investment Consultant RFP

The Chicago Metropolitan Water Reclamation District Retirement Fund (MWRDRF) has issued an RFP for a General Investment Consultant. The MWRDRF’s net assets total approximately $1.46 billion at the...

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Arkansas TRS Reviews 2024 Private Equity and Real Assets Commitment Pacing Targets

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Arkansas TRS Reviews 2024 Private Equity and Real Assets Commitment Pacing Targets

The Arkansas Teacher Retirement System reviewed their 2024 private equity and real assets commitment pacing targets at the December 4th Board meeting. In private equity, their target commitment for...

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NJ DOI Commits $1B to Alts

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NJ DOI Commits $1B to Alts

The New Jersey Division of Investments has approved three commitments totalling $1.64 billion to real assets, private credit, and real estate. $500 million was allocated to NJ – StepStone Real Assets...

Podcast

Mariner's Move, Mass PRIM's 2024 Vision, & OneDigital Acquires WealthSource

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Imperial County ERS Commits $40M to Private Equity

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Imperial County ERS Commits $40M to Private Equity

The Imperial County Employees Retirement System has approved $40 million across two investments to private equity and private credit, according to minutes from the November 15th Board meeting. $10...

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Allan Martin of NEPC Retiring

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Allan Martin of NEPC Retiring

Allan Martin, public fund consultant at NEPC is retiring. Martin has been with NEPC since 2000. Martin has served as consultant for public plans including the Arizona State Retirement System, Seattle...

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Texas County & District Retirement System Commits $60M to Private Equity, Venture Capital

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Texas County & District Retirement System Commits $60M to Private Equity, Venture Capital

The Texas County & District Retirement System disclosed two new investments totaling $60 million. Within private equity, $30 million was committed to Carnelian Energy Capital V. And in venture...

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Indiana Retirement Issues U.S. Small Cap Searches

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Indiana Retirement Issues U.S. Small Cap Searches

The Indiana Public Retirement System has issued an RFP for U.S. small cap managers. All styles will be considered including growth, core and value. The mandate will be for up to $500 million....

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Merced County Retains Meketa for Investment Consulting

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Merced County Retains Meketa for Investment Consulting

The Merced County Employees’ Retirement Association has retained Meketa for the general investment consultant contract, according to minutes from the December 14th Board meeting. The search was...

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The St. Louis Firefighters Retirement Plan Issues Core Fixed Income RFP

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The St. Louis Firefighters Retirement Plan Issues Core Fixed Income RFP

The St. Louis Firefighters Retirement Plan has issued an RFP for Core Fixed Income Managers. The core fixed income mandate will be for $23 million. Proposals are due by March 8, 2024. Investment...

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Massachusetts PRIM Reviews 2024 Investment Plans

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Massachusetts PRIM Reviews 2024 Investment Plans

Massachusetts PRIM recently reviewed 2024 goals for their investment portfolio. In private equity, Mass PRIM anticipates committing $2.2 to $3.0 billion to funds, co-investments, and secondary...

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Massachusetts PRIM Commits to Private Equity, Invests $500M with RhumbLine

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Massachusetts PRIM Commits to Private Equity, Invests $500M with RhumbLine

Massachusetts PRIM recently disclosed two commitments to private equity totaling $259 million that was approved at the November 30 board meeting. In private equity, $150 million was allocated to...

Podcast

Job Changes in Consulting, Blue Spring’s Acquisition, Oregon Invests $850M

Podcast

Job Changes in Consulting, Blue Spring’s Acquisition, Oregon Invests $850M

In the first episode of the Dakota Fundraising News Podcast, Konch and Pat update listeners on recent fundraising news from Dakota Marketplace. From significant consultant job changes that reflect an...

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New Fund Launches for the Second Half of January

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New Fund Launches for the Second Half of January

In the fast-paced world of asset management, staying abreast of industry trends and competitor activities is crucial. Recognizing this need, we’ve distilled the latest information from Form D filings...

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City of Fresno Retirement Systems Reviews 2024 Private Debt Commitment Pacing Target

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City of Fresno Retirement Systems Reviews 2024 Private Debt Commitment Pacing Target

The City of Fresno Retirement Systems reviewed their 2024 private debt commitment pacing target according to minutes from the January 23rd Board meeting. The approved pacing has a target of $70...

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Oregon PERF Reviews Private Equity Portfolio

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Oregon PERF Reviews Private Equity Portfolio

According to meeting materials from the January 24th board meeting, the Oregon Public Employees Retirement Fund reviewed 2024 private equity initiatives. They recommended that 10 to 15 commitments be...

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Merced County ERA Commits to Private Equity, Venture Capital

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Merced County ERA Commits to Private Equity, Venture Capital

According to meeting materials from the December 14, 2023 board meeting, the Merced County Employees’ Retirement Association has approved three commitments totalling $17 million to private equity and...

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New York State Retirement Commits to Private Equity, Emerging Manager Programs; Terminates Equity Fund Manager

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New York State Retirement Commits to Private Equity, Emerging Manager Programs; Terminates Equity Fund Manager

The New York State Common Retirement Fund (CRF) has released their November 2023 monthly transaction report, disclosing investments four total commitments, as well as the termination of Equity Fund...

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New Fund Launches for the Second Half of January

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New Fund Launches for the Second Half of January

In the fast-paced world of asset management, staying abreast of industry trends and competitor activities is crucial. Recognizing this need, we’ve distilled the latest information from Form D filings...

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Pension Reserve Trust Issues Multi-Asset & Fixed Income Searches

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Pension Reserve Trust Issues Multi-Asset & Fixed Income Searches

The Puerto Rico Plan of Adjustments Pension Reserve Trust (PRT) has issued two RFPs for Multi-Asset and Fixed Income managers. The total allocation for the selected Fixed Income manager(s) will be...

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Quincy Retirement System Selects Two Firms for Small Cap Search

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Quincy Retirement System Selects Two Firms for Small Cap Search

The Quincy Retirement System has hired Brown Advisory and Mesirow for their Small Cap search, according to minutes from the December 21st Board meeting. $10 million was awarded to both Brown Advisory...

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Jacksonville Police & Fire Commits $15M to Real Estate

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Jacksonville Police & Fire Commits $15M to Real Estate

The City of Jacksonville Police and Fire Pension Fund has approved a $15 million investment to real estate. At the January 26th board meeting, investment consultant, RVK, recommended committing $15...

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Ohio Police & Fire Commits $110M to Venture Capital, Private Equity, Private Credit

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Ohio Police & Fire Commits $110M to Venture Capital, Private Equity, Private Credit

The Ohio Police & Fire Pension has approved four commitments totalling $110 million. In venture capital, $10 million was allocated to Spark Capital VIII. In private equity, $20 million was allocated...

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Rhode Island State Pension Commits $30M to Private Equity

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Rhode Island State Pension Commits $30M to Private Equity

The Rhode Island State Pension has approved the commitment of $30 million to Wynnchurch Capital Partners VI. Wynnchurch targets investments in industrial and manufacturing industries in North...

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Mass Water Resources Authority Retirement Reviews Finalists for Large Cap Value Search

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Mass Water Resources Authority Retirement Reviews Finalists for Large Cap Value Search

The Massachusetts Water Resources Authority Retirement System has reviewed four finalists for the Large Cap Value Search. The four candidates reviewed at the January 25th Board meeting include...

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Texas County & District Retirement System Commits $100M to Private Credit

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Texas County & District Retirement System Commits $100M to Private Credit

The Texas County & District Retirement System disclosed one new commitment of $100 million to Chorus Capital Credit Fund V USD. The private credit investment closed on January 26, 2024. The European...

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Taunton Contributory Retirement Issues U.S. Equities RFPs

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Taunton Contributory Retirement Issues U.S. Equities RFPs

The Taunton Contributory Retirement System has issued RFPs for US Equities Mid Cap Value and Mid Cap Growth managers. The Mid Cap Value mandate will be for $16 million. Proposals are due March 1,...

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Oklahoma Municipal Retirement Planning PE Commitment; Infrastructure Education

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Oklahoma Municipal Retirement Planning PE Commitment; Infrastructure Education

The Oklahoma Municipal Retirement Fund reviewed initiatives for 2024 including a possible allocation to private equity. OKMRF previously committed $20 million in 2023 to private equity in the Warburg...

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St. Louis Firemen’s Retirement Selects UBS for Farmland Search

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St. Louis Firemen’s Retirement Selects UBS for Farmland Search

The Firemen’s Retirement System of St. Louis approved the selection of the UBS for the Farmland search according to minutes from the January 4th Board meeting. The search that was issued in mid 2023...

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Kansas PERS Commits $175M to Private Equity

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Kansas PERS Commits $175M to Private Equity

The Kansas Public Employees Retirement System has approved three commitments to private equity totalling $175 million at the January board meeting. $75 million was allocated to Kinderhook Capital...

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Oregon PERF Commits $850M to Private Equity, Real Estate, Private Credit

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Oregon PERF Commits $850M to Private Equity, Real Estate, Private Credit

According to meeting materials from the January 24th board meeting, the Oregon Public Employees Retirement Board has approved four commitments totalling $850 million. In private equity, $250 million...

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Wichita Retirement Targets $25M to Timber

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Wichita Retirement Targets $25M to Timber

The Wichita Retirement Systems is planning to commit $25 million to Timber in 2024, according to minutes from the November 2 board meeting. WRS currently allocates 6.5% to Timber with a target...

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Oklahoma Firefighters Pension Reviews Four Finalists for SMID Growth Search

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Oklahoma Firefighters Pension Reviews Four Finalists for SMID Growth Search

The Oklahoma Firefighters Pension & Retirement System has reviewed four finalists for the SMID Cap Growth search, according to Minutes from the November 17th Board meeting. The four finalists being...

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New York State Teachers’ Retirement Renews with Callan

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New York State Teachers’ Retirement Renews with Callan

The New York State Teachers’ Retirement System has renewed Callan as their general consultant, according to notes from the January 25 board meeting. This is effective May 1, 2024. Tom Shingler and...

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Austin City ERS Issues Consultant RFPs

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Austin City ERS Issues Consultant RFPs

The Austin City Employees’ Retirement System (COAERS) has issued a General Investment Consultant RFP and a Private Market Consultant RFI. Responses to the General Investment Consultant RFP are due by...

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Maryland State Retirement & Pension Systems Issues Real Estate Consultant RFP

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Maryland State Retirement & Pension Systems Issues Real Estate Consultant RFP

The Maryland State Retirement & Pension Systems issued an RFP for non-discretionary real estate investment consulting services. Proposals are due February 27th by 5:00pm EST. As of September 30,...

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New Mexico State Investment Council Commits $1.31B to Alts

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New Mexico State Investment Council Commits $1.31B to Alts

The New Mexico State Investment Council disclosed ten recent commitments, totaling $1.31 billion to alternatives, according to materials from the November 28th State Investment Council meeting. In...

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Oklahoma Firefighters Pension Commits $45M to Private Equity, Private Credit

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Oklahoma Firefighters Pension Commits $45M to Private Equity, Private Credit

According to meeting minutes from the November 17, 2023 board meeting, the Oklahoma Firefighters Pension & Retirement System has approved two commitments totalling $45 million. $25 million was...

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San Antonio Police and Fire Commits $20M to Infrastructure

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San Antonio Police and Fire Commits $20M to Infrastructure

According to meeting notes from the December 13th, 2023 board meeting, the San Antonio Police and Fire Pension Fund has approved the commitment of $20 million to Tiger Infrastructure Fund IV. Tiger...

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Cook County Annuity and Benefit Fund Commits $45M to Real Estate

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Cook County Annuity and Benefit Fund Commits $45M to Real Estate

The Cook County Annuity and Benefit Fund disclosed a $45 million commitment to the Mesirow Financial Real Estate Value Fund V, according to minutes from the December 7th Board meeting. The $13.5...

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Illinois Police Officers Pension Fund Finalizing Bank Loans Search

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Illinois Police Officers Pension Fund Finalizing Bank Loans Search

The Illinois Police Officers Pension Fund is in the process of finalizing selections for the Bank Loan Manager Search that was issued in 2023. A recommendation was made at the January 19 meeting to...

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Stanislaus CERA Approves Target Asset Allocation Updates; Preparing Three Searches

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Stanislaus CERA Approves Target Asset Allocation Updates; Preparing Three Searches

According to materials from the January 23, 2024 board meeting, the Stanislaus County Employees’ Retirement Association has approved changes to its target asset allocation mix. The following was...

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Chicago FABF Selects Liquid Diversifying Manager

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Chicago FABF Selects Liquid Diversifying Manager

According to meeting minutes from the December 18th board meeting, the Chicago Firemen’s Annuity & Benefit Fund has selected Capital Fund Management as the Liquid Diversifying manager, concluding the...

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Baltimore City Fire and Police Retirement System Commits $60M to Real Estate

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Baltimore City Fire and Police Retirement System Commits $60M to Real Estate

The Baltimore City Fire and Police Retirement System has awarded a total of $60 million to real estate, according to minutes from the December 12th Board of Trustees meeting. Acore Capital, Elm Tree...

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Chicago MEABF Reviewing Finalists for Emerging Markets Equity Search

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Chicago MEABF Reviewing Finalists for Emerging Markets Equity Search

Municipal Employees Annuity & Benefit Fund of Chicago has narrowed down their Emerging Markets Equity Search to three finalists. Finalists for the search include Boston Common, Lazard, and Driehaus....

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ISIF Commits €50M to P Capital Partners

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ISIF Commits €50M to P Capital Partners

The Ireland Strategic Investment Fund has approved the commitment of €50 million to P Capital Partners. According to a recent press release, Nick Ashmore, Director at ISIF stated that “This...

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Illinois Police Officers Pension Fund Planning EM Debt/Equity Searches

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Illinois Police Officers Pension Fund Planning EM Debt/Equity Searches

According to meeting materials from the January 19th board meeting, an Emerging Market Debt Manager search and Emerging Market Equity Search are planned for 2024. IPOPIF plans to issue an Emerging...

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Contra Costa CERA Commits $25M to Private Equity

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Contra Costa CERA Commits $25M to Private Equity

According to meeting materials from the January 24th board meeting, the Contra Costa County Employees Retirement Association has approved a commitment to private equity. An additional $25 million was...

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Cook County Annuity and Benefit Hires Private Infrastructure Managers

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Cook County Annuity and Benefit Hires Private Infrastructure Managers

According to meeting notes from the December 7th board meeting, the Cook County Annuity and Benefit Fund has selected three investment managers, concluding their Private Infrastructure search. $50...

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Illinois Police Officers Pension Fund Finalizes International Small Cap Search

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Illinois Police Officers Pension Fund Finalizes International Small Cap Search

The Illinois Police Officers Pension Fund (IPOPIF) approved hiring three investment managers and an updated structure for their International Small Cap portfolio in their December 4th Board of...

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Howard County Master Trust Reviews Finalists for International Equities

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Howard County Master Trust Reviews Finalists for International Equities

The Howard County Master Trust has reviewed four finalists for the international equities search. The four candidates reviewed at the January 17th Board meeting include Baillie Gifford Developed EAFE...

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Louisiana State Police Retirement System Replaces Emerging Markets Equity Manager

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Louisiana State Police Retirement System Replaces Emerging Markets Equity Manager

The Louisiana State Police Retirement System has hired GQG to replace the now terminated Vontobel Emerging Markets equity account. According to meeting minutes, the initial target with GQG is 3.5% of...

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Chicago MEABF Terminates Fixed Income Manager

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Chicago MEABF Terminates Fixed Income Manager

According to meeting minutes from the September 21st board meeting, the Municipal Employees Annuity & Benefit Fund of Chicago has terminated opportunistic fixed income manager Crescent Capital....

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Scottish Borders Council Pension Fund Commits to Timberland Strategy

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Scottish Borders Council Pension Fund Commits to Timberland Strategy

The Scottish Borders Council Pension Fund announced a commitment to the Nuveen Global Timberland strategy with potential for future allocations. According to the press release, Matthew Hamber at...

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New York City ERS Commits $290.7M to Alts

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New York City ERS Commits $290.7M to Alts

New York City Employees’ Retirement System disclosed fourteen commitments totaling $290.7 million to alternatives, according to materials from the December 20th Board meeting. In private equity,...

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Holyoke Retirement Issues RFPs for Equities, Alts

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Holyoke Retirement Issues RFPs for Equities, Alts

The Holyoke Retirement Board has recently issued RFPs for International Equities, Emerging Markets Equities, real estate, private equity, and private debt. The International Small Cap Equity mandate...

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Alameda County ERA Preparing International Small Cap, EM Equities Searches

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Alameda County ERA Preparing International Small Cap, EM Equities Searches

The Alameda County Employees Retirement Association will be preparing at least two searches in 2024. According to recent meeting materials, an International Small Cap Search is anticipated for...

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ACCESS LGPS Pool Hires Two for New Infrastructure Allocation

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ACCESS LGPS Pool Hires Two for New Infrastructure Allocation

The ACCESS LGPS Pool has disclosed the use of the IFM Global Infrastructure Fund and the J.P. Morgan Infrastructure Strategy for the new infrastructure allocation. According to the recent press...

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Howard County Master Trust Commits $15M to Private Equity

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Howard County Master Trust Commits $15M to Private Equity

The Howard County Master Trust disclosed a $15 million commitment to HarbourVest Dover Street Secondaries Fund XI. Investment consultant, NEPC assisted with the investment. As of December 31, 2023,...

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London CIV Appoints New CIO

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London CIV Appoints New CIO

According to a recent press release, the London LGPS CIV has announced the hiring of Aioffinn Devitt as their new CIO. Aoiffinn Devitt has worked within the LGPS network for over 15 years and has...

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San Luis Obispo County Pension Trust Announces Executive Director Appointments

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San Luis Obispo County Pension Trust Announces Executive Director Appointments

The San Luis Obispo County Pension Trust has appointed Katie Girardi the new Executive Director in a recent press release. Girardi replaces Carl Nelson, who retired at the end of December 2023 after...

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Charlotte Firefighters’ Retirement System Issues Investment Consultant RFP

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Charlotte Firefighters’ Retirement System Issues Investment Consultant RFP

The Charlotte Firefighters’ Retirement System has issued an RFP for an investment consultant. Proposals are due by February 15th at 2:00PM EST. The $600 million pension fund currently uses Callan as...

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LA Fire & Police Pension Commits $390M to Alts

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LA Fire & Police Pension Commits $390M to Alts

According to meeting materials from the January 18th board meeting, the Los Angeles Fire & Police Pension System has approved nine commitments totalling $390 million to private equity, real estate,...

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Ontario Teachers’ Pension Announces CIO Appointments

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Ontario Teachers’ Pension Announces CIO Appointments

The Ontario Teachers’ Pension Plan disclosed the appointment of three new officers into executive roles in a recent press release. Stephen McLennan was appointed Chief Investment Officer, Asset...

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Taunton Retirement Issues Investment Consultant RFP

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Taunton Retirement Issues Investment Consultant RFP

The Taunton Contributory Retirement System has issued an RFP for an Investment Consultant. Proposals are due February 22, 2024 at 12pm EST. The $375 million Pension currently uses Dahab as general...

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Arlington County ERS Commits $15M to Infrastructure

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Arlington County ERS Commits $15M to Infrastructure

According to minutes from the December 7th board meeting, the Arlington County Employees’ Retirement System has approved the commitment of $15 million to SDC Digital Infrastructure Fund IV. SDC...

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Mississippi PERS Hires Two for New Private Credit Allocation

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Mississippi PERS Hires Two for New Private Credit Allocation

The Public Employees' Retirement System of Mississippi approved hiring Blue Owl and GCM Grosvenor as the initial portfolio managers for the new private credit allocation according to minutes from the...

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Texas TRS Commits $655M to Real Estate, Private Equity

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Texas TRS Commits $655M to Real Estate, Private Equity

The Teacher Retirement System of Texas has shared six investments to real estate and private equity totalling $655 million. In real estate, $250 million was allocated to BDP Investment Vehicles...

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CalSTRS Announces CIO Departure

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CalSTRS Announces CIO Departure

The California State Teachers’ Retirement System has announced the retirement of CIO Christopher Ailman effective June 30, 2024. Ailman will assist in the transition to the new CIO for the remainder...

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Seattle City ERS Commits $17.5M to Infrastructure; Approves Fixed Income Allocation

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Seattle City ERS Commits $17.5M to Infrastructure; Approves Fixed Income Allocation

Seattle City Employees’ Retirement System disclosed a $17.5 million commitment to Global Infrastructure Partners V, according to minutes from the December 14th Board meeting. Additionally, $180...

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Connecticut Retirement Commits $1.1B to Alts

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Connecticut Retirement Commits $1.1B to Alts

The Connecticut Retirement Plans and Trust Funds disclosed six recent commitments to alternatives, totaling $1.1 billion. In private credit, $125 million was committed to ICG North America Credit...

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Church Commissioners for England Announces CIO Departure

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Church Commissioners for England Announces CIO Departure

Tom Joy has announced his departure from the Church Commissioners for England in April. According to a recent press release, Tom will be taking up a new CIO position overseas. A replacement search...

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Miami Firefighters & Police Retirement Name Infrastructure Search Finalists

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Miami Firefighters & Police Retirement Name Infrastructure Search Finalists

Miami Firefighters & Police Retirement Trust has narrowed their candidates for their infrastructure search. The board approved inviting candidates JP Morgan and IFM Global to present at the February...

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Louisiana TRS Preparing Searches for Fixed Income and International Equities

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Louisiana TRS Preparing Searches for Fixed Income and International Equities

The Teachers Retirement System of Louisiana is preparing to issue two searches according to materials from the January 5th Board meeting. The Core Plus Fixed Income RFP is expected to be issued in...

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San Fran Commits $365M to Alts; Terminates Two Managers

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San Fran Commits $365M to Alts; Terminates Two Managers

According to materials from the January 10th board meeting, the San Francisco Employees Retirement System has approved six commitments totalling $365 million to private equity, real estate, real...

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Cambria County ERS Terminates Non-U.S. Equity Manager

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Cambria County ERS Terminates Non-U.S. Equity Manager

The Cambria County Employees Retirement System has terminated the Mondrian Non-U.S. Equity account, according to minutes from the November 28th Board meeting. Investment consultant, Marquette,...

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Miami Beach ERP Hires Burgess Chambers for Investment Consulting

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Miami Beach ERP Hires Burgess Chambers for Investment Consulting

According to notes from the October 10th board meeting, the Miami Beach Employees’ Retirement Plan has hired Burgess Chambers Advisors as the new investment consultant. Other candidates for the...

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Louisiana TRS Commits $150M to Private Equity, Real Assets

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Louisiana TRS Commits $150M to Private Equity, Real Assets

The Teachers Retirement System of Louisiana has approved two commitments to private equity and real assets totalling $150 million at their January 5th board meeting. In private equity, $100 million...

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Boston Retirement System Preparing International Small Cap Search

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Boston Retirement System Preparing International Small Cap Search

The Boston Retirement System is preparing to issue an International Small Cap search, according to a work plan disclosed in materials from the November 15th Board meeting. The search is set to be...

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Marin County Hires State Street for Passive International Equities

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Marin County Hires State Street for Passive International Equities

The Marin County Employees Retirement Association hired State Street Global Advisors to manage the passive MSCI World ex-U.S. Index lending equity portfolio, according to materials from the December...

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LACERA Preparing RFP for Hedge Fund, Credit and Real Assets Consultant

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LACERA Preparing RFP for Hedge Fund, Credit and Real Assets Consultant

The Los Angeles County Employees’ Retirement Association is preparing an RFP for a hedge fund, credit, and real assets consultant. The Board reviewed minimum qualifications, evaluation criteria and...

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Rhode Island Commits $20M to Private Equity

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Rhode Island Commits $20M to Private Equity

The Rhode Island State Pension has approved the commitment of $20 million to private equity fund DCVC Bio Fund III, according to meeting minutes. ERSRI has previously committed to DCVC Bio Fund II in...

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LA Fire & Police Pension Commits $85M to Private Equity, Private Credit

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LA Fire & Police Pension Commits $85M to Private Equity, Private Credit

The Los Angeles Fire & Police Pension System has approved two commitments to private equity and private credit totalling $85 million according to notes from the December 21st board meeting. In...

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Massachusetts Port Authority ERS Name Finalists for Core Fixed Income Search

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Massachusetts Port Authority ERS Name Finalists for Core Fixed Income Search

The Massachusetts Port Authority Employees’ Retirement System has narrowed the core fixed income search to four finalists according to notes from the December 7th board meeting. The four finalists...

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LACERS Commits $75M to Real Estate

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LACERS Commits $75M to Real Estate

The Los Angeles City Employees’ Retirement System has approved two commitments totalling $75 million according to notes from the January 9th board meeting. $50 million was allocated to Waterton...

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New Orleans Sewerage and Water Board Selects Two for Private Equity Search

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New Orleans Sewerage and Water Board Selects Two for Private Equity Search

The Sewerage and Water Board of New Orleans has selected Mesirow Private Equity Fund IX for a $15 million allocation and Sango Private Equity IV for a $5 million allocation. Adams Street, Xponance,...

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Chicago Park Employees’ Narrows Search for Mid Cap Growth

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Chicago Park Employees’ Narrows Search for Mid Cap Growth

The Park Employees’ Annuity & Benefit Board of Chicago has narrowed candidates for the mid cap growth search that was issued in September to four finalists. The four candidates being considered...

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Massachusetts Port Authority ERS Hires for U.S. Equity Small Cap Value Search

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Massachusetts Port Authority ERS Hires for U.S. Equity Small Cap Value Search

The Massachusetts Port Authority Employees’ Retirement System has approved the hiring of Pzena Investment Management for their U.S. Equity Small Cap Value search. According to meeting materials from...

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Texas County & District Retirement System Commits $30M to Private Equity

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Texas County & District Retirement System Commits $30M to Private Equity

The Texas County & District Retirement System disclosed a new private equity commitment that closed on January 3rd, according to a recent activity report. $30 million was committed to TCG Crossover...

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Quincy Retirement System Narrows Search for Small Cap Manager

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Quincy Retirement System Narrows Search for Small Cap Manager

The Quincy Retirement System will interview four finalists for the small cap search that was issued in August. The four candidates being considered include Brown Advisory, Systematic, Von Nelson, and...

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Plymouth County Retirement Places $10M with Global Infrastructure Partners

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Plymouth County Retirement Places $10M with Global Infrastructure Partners

The Plymouth County Retirement Association has hired Global Infrastructure Partners for the private infrastructure search, according to minutes from the October 31 meeting. $10 million will be...

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Quincy Retirement System Selects Two Firms for Infrastructure Search

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Quincy Retirement System Selects Two Firms for Infrastructure Search

The Quincy Retirement System has hired Stonepeak and IFM to complete the infrastructure search. Released minutes from the November 16th board meeting state that $5 million will be awarded to...

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New Mexico Educational Retirement Board Commits $150 Million

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New Mexico Educational Retirement Board Commits $150 Million

At the October 31 2023 board meeting, New Mexico Educational Retirement Board disclosed a $150 million commitment to Andromeda Fund V. The investment will sit as part of the infrastructure portfolio...

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Pompano Beach Police and Firefighters’ Retirement Invests $5M to Equities

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Pompano Beach Police and Firefighters’ Retirement Invests $5M to Equities

The Pompano Beach Police and Firefighters’ Retirement System approved moving $5 million from the Blackrock Large Cap Value portfolio to invest in the Vanguard 500 Stock Index Fund, according to...

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Michigan State Investment Board Commits $385M to Private Credit, Private Equity

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Michigan State Investment Board Commits $385M to Private Credit, Private Equity

The Michigan State Investment Board disclosed six alternative investments totaling $385 million, according to materials from the December 13th Board meeting. In private credit, $100 million was...

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Wisconsin Board of Commissioners of Public Lands Commits $50M to Private Credit

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Wisconsin Board of Commissioners of Public Lands Commits $50M to Private Credit

The Wisconsin Board of Commissioners of Public Lands disclosed two investments totaling $50 million to private credit, according to materials from the December 5th Board meeting. $25 million was...

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Texas County & District Retirement System Commits $90M to Private Equity

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Texas County & District Retirement System Commits $90M to Private Equity

The Texas County & District Retirement System disclosed two recent commitments to private equity totaling $90 million, according to materials from the December 22nd Board meeting. $30 million was...

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Andra AP-fonden (AP2) Invests in Real Assets

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Andra AP-fonden (AP2) Invests in Real Assets

Andra AP-fonden, one of five buffer funds within the Swedish pension system, has made a commitment to the New Forests Australia New Zealand Landscapes and Forestry Fund (ANZLAFF). This fund aims to...

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NY Common Commits to Alts & Emerging Manager Program; Terminates Manager

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NY Common Commits to Alts & Emerging Manager Program; Terminates Manager

According to meeting notes from the October 2023 board meeting, the New York State Common Retirement Fund has approved eight commitments to private equity, private credit, and real assets totalling...

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Stanislaus County ERA Commits $20 Million to Infrastructure

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Stanislaus County ERA Commits $20 Million to Infrastructure

At the December 12 board meeting, Stanislaus County Employees’ Retirement Association approved a $20 million commitment to the Carlyle Renewable and Sustainable Energy Fund II, a real assets fund....

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Wayne County ERS Terminates Three Equities Managers

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Wayne County ERS Terminates Three Equities Managers

The Wayne County Employee Retirement System has terminated three of their equities managers, according to minutes from the November board meeting. The board approved terminating the Earnest Partners...

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Massachusetts Bay Transportation Authority Retirement Terminates Global Growth Equity Manager

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Massachusetts Bay Transportation Authority Retirement Terminates Global Growth Equity Manager

The Massachusetts Bay Transportation Authority Retirement Fund has terminated the Sands Capital Global Growth equity fund, according to minutes from the November 17th Board meeting. The funds will be...

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Ohio SERS Commits $340M to Real Estate, Equities

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Ohio SERS Commits $340M to Real Estate, Equities

The School Employees’ Retirement System of Ohio has approved four commitments totalling $340 million according to notes from their December 21st board meeting. In real estate, $40 million was...

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Oklahoma TRS Issues Real Estate Searches

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Oklahoma TRS Issues Real Estate Searches

The Teachers’ Retirement System of Oklahoma has issued RFPs for a core and a non-core real estate manager. The core real estate search is for a $100 million mandate and the size for the non-core real...

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Arkansas TRS Commits $220M to Real Estate, Private Equity

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Arkansas TRS Commits $220M to Real Estate, Private Equity

The Arkansas Teacher Retirement System disclosed five commitments to alternatives, totaling $220 million, according to materials from the December 4th Board meeting. In real estate, $50 million was...

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San Bernardino County Employee Retirement Reviews Private Equity and Real Estate Target Commitments for 2024

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San Bernardino County Employee Retirement Reviews Private Equity and Real Estate Target Commitments for 2024

At the December 14 board meeting, the San Bernardino County Employee Retirement Association reviewed 2024 commitment pacing targets for private equity and real estate. It is recommended that $575...

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Kentucky TRS Commits $100M to Private Equity

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Kentucky TRS Commits $100M to Private Equity

The Kentucky Teachers Retirement System has approved two commitments to private equity, totalling $100 million, according to materials from the December 18th board meeting. $50 million was allocated...

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Texas County & District Retirement Commits $70M to Private Equity

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Texas County & District Retirement Commits $70M to Private Equity

The Texas County & District Retirement System has approved the allocation of $70 million to Wynnchurch Capital Partners VI. The private equity commitment closed on December 14 according to a recent...

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Merced County Employees’ Retirement Association Commits $8 Million to Private Equity

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Merced County Employees’ Retirement Association Commits $8 Million to Private Equity

At the December 14 board meeting, Merced County Employees’ Retirement Association committed $8 million to Wynnchurch Capital Partners VI. The investment focuses on control buyouts in the industrial...

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MoLAGERS CIO Retiring

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MoLAGERS CIO Retiring

The Missouri Local Government Employees Retirement System has announced the retirement of CIO, Brian Collett, effective January 31, 2024. An executive search firm will be retained to assist in hiring...

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University of Michigan Regents Commits $90M to Private Equity

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University of Michigan Regents Commits $90M to Private Equity

The University of Michigan Investment Office has approved two commitments to private equity totalling $90 million at the recent December 7th board meeting. An investment of $50 million was approved...

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St. Louis Public School Retirement Commits $12M to Private Equity

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St. Louis Public School Retirement Commits $12M to Private Equity

The St. Louis Public School Retirement System disclosed one recent commitment of $12 million to Neuberger Berman Co-Investment Partners V according to minutes from the October 23rd Board meeting....

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Tennessee Valley Retirement Approves Updated Allocation Targets; Terminates EM Debt Manager

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Tennessee Valley Retirement Approves Updated Allocation Targets; Terminates EM Debt Manager

The Tennessee Valley Authority Retirement System has approved their new target asset allocation mix according to minutes from the September 21, 2023 board meeting. The System’s general consultant,...

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New Hampshire Retirement System Commits $75M to Private Credit

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New Hampshire Retirement System Commits $75M to Private Credit

The New Hampshire Retirement System has approved the commitment of $75 million to the Sixth Street TAO Global fund according to minutes from their December 12th board meeting. At a previous meeting,...

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San Diego County ERA Commits $75M to Private Credit

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San Diego County ERA Commits $75M to Private Credit

The San Diego County Employees’ Retirement Association disclosed a $75 million commitment to the Oaktree CLO Equity Fund I, according to materials from the December 14th Board meeting. The Fund will...

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Texas Muni Retirement Appoints New CIO

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Texas Muni Retirement Appoints New CIO

The Texas Municipal Retirement System has named Yup Kim as the System's new CIO, effective January 15, 2024. Yup Kim will be replacing Dave Hunter, who will retire in January. Kim is coming from...