The $11 billion
With an actual allocation of 3.4 percent to private equity and a target of 6 percent, the pension fund has plenty of room for more pledges. “We have focused in several areas of the private equity market in sourcing ideas for investments this year,” said Smith, adding that the limited partner has recently made two commitments, although he declined to name them until they close.
Last year, up to $20 million went to
The private equity program commits to buyout, venture capital, growth equity, distressed debt, mezzanine debt, natural resources and secondary funds. The state re-started its private equity program in 2008 by hiring a non-discretionary private equity consultant, California-based