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Trimmed private-equity target amid compressed returns and liquidity pressure (reported among several systems).

Retained incumbent investment consultant following an RFP.

$200M commitment to Asana Partners Fund IV.

$225M commitment to CVC Catalyst III.

$300M commitment to Blue Owl Real Estate Fund VII.

$300M commitment to GID Mainstay Fund.

$300M commitment to Patient Square Equity Partners II.

$500M commitment to NCRED-B.

$1000M commitment to Gladius Arx Fund.

$1000M commitment to Arc Infra SMA.

$1500M commitment to BlackRock World REIT.

$2000M commitment to Internal Real Assets Staging Portfolio.

High-yield multi-asset credit manager search ~$1B (~5% of State Insurance Fund); proposals due May 19, 2026.

Trimmed private-equity target amid compressed returns and liquidity pressure (reported among several systems).

During the annual review of the written guidelines and expectations of the fund's investment managers, consultant Asset Consulting Group (George Tarlas) presented proposed changes to the OPPRS Investment Policy, which the Board approved unanimously. Total fund ~$3.77B as of 4/30/26 (one-year net return 15.92%).

Trimmed private-equity target amid compressed returns and liquidity pressure (reported among several systems).

Board authorized staff to award a new Independent Auditor Services contract (RFP 25-038, led by the Audit, Risk and Compliance Committee) to the winning bidder, to be named after contract negotiations.

Board voted to retain Trading Technologies (previously Abel Noser) as its investment transaction cost analysis consultant for a five-year term at the conclusion of the current contract on Sept. 30, 2026.

Board approved an investment of up to EUR 100M (approximately $115.9M) in PSG Europe III S.C.SP. as a follow-on within the private equity asset class, focused on software and tech-enabled companies.

Terminated a global low-volatility equity manager.

Board approved issuing an RFP for a new investment consultant - first competitive search in 18 years.

At the May 14, 2026 SCERS Board of Administration meeting, the Board accepted the April 30, 2026 Investment Committee recommendation and approved (5-0, Crawford/Blinder) a commitment of up to $30 million to Ares Pathfinder Fund III, an asset-based private credit strategy managed by Ares Management Corporation (an existing SCERS public credit manager, $623B AUM), pending satisfactory legal review. General consultant NEPC concurred and selected Pathfinder III as a preferred Focused Placement List strategy with a top rating of 1. CIO Jason Malinowski.

At the May 14, 2026 SCERS Board of Administration meeting, the Board accepted the April 30, 2026 Investment Committee recommendation and approved (5-0, Crawford/Dively) a commitment of up to $30 million to Monarch Capital Partners VII LP, an opportunistic credit strategy, pending satisfactory legal review. MCP VII is SCERS's second Monarch allocation (committed $30M to MCP VI in 2023); consistent with the 7% Credit Fixed Income target. General consultant NEPC concurred (final stages of FPL evaluation; top rating of 1 on MCP VI). CIO Jason Malinowski.

Appointed Sara Chandler Head of Private Markets & Funds Alpha.

$100M commitment to Kingswood Capital (two strategies).

$100M commitment to Macquarie Infrastructure Partners VII.

$100M commitment to Gridiron Capital Fund VI.

$200M commitment to Green Equity Investors X.

Trimmed private-equity target amid compressed returns and liquidity pressure (reported among several systems).

At the April 6, 2026 ATRS Board of Trustees meeting, Mr. Martin moved to adopt Resolution 2026-22 approving the exchange of ATRS's interest in Prime Property Fund, LLC for an interest in Prime Property Fund L.P. (a fund-structure conversion of the existing core real estate holding); the Board unanimously approved.

At the April 6, 2026 ATRS Board of Trustees meeting, on a recommendation presented by Michael Bacine of Franklin Park with staff concurrence, Mr. Martin moved to adopt Resolution 2026-24 authorizing an investment of up to $50 million in Kingswood Capital Opportunities IV, L.P., with Imminent Need; the Board unanimously approved.

At the April 6, 2026 ATRS Board of Trustees meeting, on a recommendation presented by Michael Bacine of Franklin Park with staff concurrence, Mr. Martin moved to adopt Resolution 2026-23 authorizing an investment of up to $50 million in JFL Equity Investors VII, L.P., with Imminent Need; the Board unanimously approved.

At the April 6, 2026 ATRS Board of Trustees meeting, on Aon Hewitt Investment Consulting recommendation (P.J. Kelly and Katie Comstock) with staff concurrence, Mr. Martin moved to adopt Resolution 2026-21 authorizing an investment of up to $300 million in Brookfield Credit ATRS Beacon Investment Fund, L.P.; the Board unanimously approved.

At the April 6, 2026 ATRS Board of Trustees meeting, on the Investment Committee report and Aon Hewitt Investment Consulting recommendation (P.J. Kelly and Katie Comstock), with staff concurrence (Director Mark White), Mr. Martin moved to adopt Resolution 2026-20 authorizing an investment of up to $500 million in KKR-ATRS Multi-Strategy Credit Partners, L.P.; the Board unanimously approved. General investment consultant: Aon Hewitt; PE consultant: Franklin Park.

2026 Private Credit Pacing Plan targeting up to $800M across two diversified managers.

$300M commitment to Brookfield Credit ATRS Beacon Investment Fund.

$500M commitment to KKR Multi-Asset Private Credit.

Selected Bivium Capital for a Manager-of-Managers mandate up to $350M.

The Committee approved reallocating the terminated TRP Account proceeds: the first $200M to index funds ($150M BlackRock Russell 3000 Index Fund, $50M BlackRock MSCI ACWI ex US Index Fund) pending Orbis US documentation; ~60% of the remaining proceeds into a new NTI Russell 1000 Growth separate account; and the balance into an MSCI ACWI ex US mirror later moved into the BlackRock MSCI ACWI ex US index fund account.

The Committee voted unanimously to hire Northern Trust Investments Inc. (NTI) to liquidate the terminated T. Rowe Price Global Growth account and, from the proceeds, to fund a new NTI separate account mirroring the Russell 1000 Growth Index (~60% of remaining proceeds after the first $200M tranche) plus an NTI-managed MSCI ACWI ex US mirror sleeve, subject to legal review.

The DPERS Investment Committee voted unanimously to terminate the T. Rowe Price Global Growth account (the TRP Account) and to hire Northern Trust Investments Inc. to liquidate it.

Approved strategic asset allocation overhaul effective Jul 1, 2026.

Commitment to PIMCO Volatility Absolute Return.

Commitment to Stride Consumer Fund II.

Commitment to Kennedy Lewis Fund IV.

$150M commitment to Francisco Partners VIII.

$570M commitment to Bain Opportunistic Credit.

$830M commitment to Oaktree Sycamore.

KCERA Investment Committee agenda staff recommendation for the Core Real Estate allocation: recommend the Board of Retirement approve an investment of up to $125 million in HBC Financing Partners Fund, LP (presented by CIO Daryn Miller and consultants Scott Whalen and Brian Kwan, Cerity Partners). Board approval to be confirmed in the IC summary/Board minutes.

MainePERS CIO Update (April 9, 2026) reported a Risk Diversifiers consultant RFP underway among business and organizational updates. Albourne is referenced as alternatives/private-markets adviser in investment education.