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Commission unanimously approved amendments to the Investment Policy Statement for the Rhode Island 529 (CollegeBound) Programs incorporating 529 plan expansion language under recent federal legislation (H.R.1). Capital Cities (consultant) and Invesco presented the annual 529 review.

State Investment Commission unanimously voted to commit up to $30 million from the RI Employees' Retirement Systems Pooled Trust and up to $2 million from the RI OPEB System Trust to Energy Capital Partners VI (Private Real Assets ex-Real Estate, energy/sustainable infrastructure). Presented by Investment Officer Kevin Li; StepStone (Ying Lin, Patrick Quinn) provided due diligence. ECP cited as a specialist manager focused on electricity and sustainable infrastructure including natural gas, renewables, and AI/cloud-supporting power.

$33M commitment to TPG AG Asset Based Credit Evergreen Fund.