The $8 billion
The LP terminated Aldus Equity as its private equity investment adviser in April in response to a kickback scheme involving several state plan sponsors, including the
The duties of the new private equity consultant will include assisting the pension fund’s staff in developing and updating its goals and strategy for the private equity program, including determining annual commitment targets, screening investment opportunities and monitoring investments. Responses are due on Jan. 28 at 4:00 pm MT and will be evaluated until March. Finalist interviews will take place in mid-April, and the contract will likely begin on July 1.
In the fall, the retirement board committed $45 million to the $5 billion-targeted secondary fund
The pension fund has a target allocation to private equity of 10 percent. As of October, the retirement board’s commitments to the asset class totaled about $700 million, or 8.8 percent of total pension fund assets, to 24 private equity funds. A little more than 2 percent has been drawn down so far.