The system’s consultant sees distributions returning to form over the next year.
The fund has already made three investments.
The private equity behemoth now holds $902bn in AUM.
The system plans to commit $385m to PE in 2024.
The system plans to commit to Franklin Park’s latest co-investment fund.
The system recently changed its policy to allow for quick commitments to continuation funds.
In recent months, four of the five members of the $69.8bn system’s private equity team have left.
The $49.7bn sovereign wealth fund looks to add more mid-market managers to its private equity portfolio.
The $138.5bn system recently sold huge stakes of its private equity portfolio.
The system is eyeing between $2.5bn and $3.5bn in 2024 commitments.