Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
State commits $250 million to 50 South growth fund; SIB negotiating separate infrastructure manager
Summary
The State Investment Board and Retirement and Investment Office reported a $250 million commitment to 50 South's growth fund and said negotiations are ongoing for a separate 'fund of one' infrastructure manager intended for in‑state investments.
Scott Anderson, Chief Investment Officer, told the Advisory Board the State Investment Board approved a $250 million commitment to 50 South; $100 million had been committed previously and the office recently committed another $150 million.
Anderson said, “we committed $100,000,000 to them and we more recently committed another $150,000,000 to 50 South.” He added the investment management agreement with 50 South was renegotiated for lower fees; the office will pay fees on the additional capital only as the manager calls capital.
Why it matters
The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
