Justin Mitchell
The moves come as a wave of activist pressure sweeps up against major LPs.
Staff hopes to increase private equity commitments by as much as $700m from 2019.
Oregon plans to make between 10 and 15 commitments of $100mn to $500mn in 2020, staff said.
The $254bn pension will slowly raise the allocation in a series of "steps," but will not commit to a hard timeline for the process.
New Jersey's state pension system committed $100 mln to Altaris Health Partners V.
TA joins a handful of firms that have dropped their preferred returns in recent years.
New Jersey pension documents say the carry will be calculated from a cumulative distributions multiple, but will cap at 30 pct.
The system's short-term PE returns came in over their benchmark, but long-term returns did not fare so well.
Jase Auby said the $157.6 bln pension would focus on co-underwriting as a way of adjusting its private markets portfolio.
Columbia will launch a national search to find a successor