New Jersey Division of Investments committed $500M to StepStone Real Assets and $414M to Blackstone Tactical Opportunities, expanding its infrastructure and private credit exposure.
Virginia Retirement System approved $1.85B across infrastructure, oil and gas, global equities, and multi-asset strategies, including $100M to DigitalBridge Partners III and $200M to PGIM Energy Separate Account.
Washington State Investment Board allocated $200M to General Catalyst XII (Venture Capital) and $100M to Blue Torch Credit Opportunities III (Private Credit).
New York State Teachers’ Retirement System committed $830M across middle-market buyouts, opportunistic credit, and co-investment partnerships.
Florida State Board of Administration made Q4 2023 commitments exceeding $2B, including $1B to Morgan Stanley Global Equity and $200M to Chambers Energy Capital V.
CPP Investments deployed over $400M across Asia-focused buyouts and healthcare private equity funds, including $240M to TPG Partners IX.
Arkansas Teacher Retirement System rebalanced its asset allocation, reducing public equities by 5% and adding 5% to fixed income while committing to EnCap Energy Transition Fund II ($50M).
Multiple systems, including Boston Retirement System and Alaska Retirement Management Board, issued RFPs for private debt, global equity, and consulting mandates, signaling new mandate opportunities.