February 2, 2024 Board of Trustees Meeting Highlights

The FPIF Board of Trustees met on February 2, 2024 and made investment decisions related to both the private and public markets portfolios. 

Private Markets Portfolio

The board selected Adams Street Partners to serve as private equity outsourced CIO, and approved commitments to the Pomona Capital XI secondaries fund. FPIF has a 10% target allocation to private equity investments. Adams Street Partners and the Pomona Capital XI fund will be funded a portion of the allocation. 

Public Markets Portfolio

The board selected Macquarie Investment Management Advisors and William Blair Investment Management for emerging market debt fixed income investment management services. FPIF has a 3% target allocation to emerging market debt and the allocation will be split evenly between the two firms. 

Next Meeting of the Board of Trustees

The next meeting of the FPIF Board of Trustees is scheduled for May 10, 2024 at 9:00 am.