Non-RFP Investments

for Professional Investment Firms interested in managing IMRF funds
Office meeting

All investments are authorized by the IMRF Board of Trustees. These tables show investments made without a formal request for proposal as referenced by the Illinois Pension Code at 40 ILCS 5/1-113.14(b) (August 16, 2013).

2022 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Private Equity - Venture Capital Partnership - Direct Fund  $40,000,000  Lightspeed Venture Partners XIV, L.P.  1/12/2022 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund  $60,000,000  Lightspeed Venture Partners Select V, L.P.  1/12/2022 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund  $100,000,000  Lightspeed Opportunity Fund II, L.P.  1/12/2022 Follow-on Investment
Real Estate ‐ Debt Partnership ‐ Direct Fund $50,000,000 BIG Real Estate Fund II, L.P.  1/28/2022 Follow on Investment
Real Estate ‐ Opportunistic Partnership ‐ Direct Fund €50,000,000 Ares European Real Estate Fund VI, SCSp  2/9/2022 Follow on Investment
Private Equity - Special Situations Partnership - Direct Fund $50,000,000 Clearlake Opportunities Partners III, L.P.
 3/18/2022 Follow on Investment
Private Equity - Venture Capital Partnership - Direct Fund $20,000,000 New Enterprise Associates 18, L.P.  3/18/2022 Follow on Investment
Private Equity - Venture Capital Partnership - Direct Fund $30,000,000 NEA 18 Venture Growth Equity, L.P.  3/18/2022  Follow on Investment
Real Estate - Value Add Partnership - Direct Fund $75,000,000 TA Realty Value-Add Fund XIII, L.P.  3/18/2022  Follow on Investment
Private Equity - Venture Capital Partnership - Direct Fund  $25,000,000 FirstMark Capital VI, L.P.  4/15/2022  Follow on Investment
Private Equity - Venture Capital  Partnership - Direct Fund $25,000,000 FirstMark Capital OF IV, L.P  4/15/2022  Follow on Investment

2021 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Private Equity - Venture Capital Partnership - Direct Fund  $30,000,000  Harpoon Venture Fund III, L.P.  3/1/2021 Follow-on Investment
Private Equity - Buyout Partnership - Direct Fund $50,000,000 NMS Fund IV, L.P.  3/31/2021 Follow-on Investment
Private Equity - Venture Capital Limited Liability Co. - Direct Fund $15,250,000 LSVP SC-F1, LLC  4/2/2021 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund $100,000,000 CBRE Strategic Partners U.S. Value 9, L.P.  5/10/2021 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund $25,000,000 Crow Holdings Realty Partners IX, L.P.  3/25/2021 Follow-on Investment
Private Equity - Special Situations Partnership - Direct Fund $40,000,000 Abry Senior Equity Fund VI, L.P.  5/28/2021 Follow-on Investment
Private Equity - Growth Equity Partnership - Direct Fund $50,000,000 Insight Partners XII, L.P.  6/9/2021 Follow-on Investment
Private Equity - Buyout Partnership - Direct Fund $50,000,000 KKR North America Fund XIII SCSp  6/25/2021 Follow-on Investment
Private Equity - Middle Market Buyout Partnership - Direct Fund $75,000,000 Vistria Fund IV, L.P.  6/28/2021 Follow-on Investment
Private Equity - U.K. Middle Market Buyout Partnership - Direct Fund £175,000,000  Inflexion Buyout IV, L.P.  6/30/2021 Follow-on Investment 
 Private Equity - Venture Capital Partnership - Direct Fund $50,000,000  Vensana Capital II, L.P. 9/1/2021 Follow-on Investment
 Private Equity - Credit Partnership - Direct Fund $40,000,000 Sterling Group Credit Fund II, L.P.  9/10/2021 Follow-on Investment
Private Equity - Infrastructure Partnership - Direct Fund $100,000,000  Partners Group Direct Infrastructure 2020 (USD) A, L.P.   9/20/2021 Follow-on Investment 
Real Estate - Value Add Partnership - Direct Fund $50,000,000 Artemis Real Estate Partners Healthcare Fund II, L.P.  9/21/2021 Follow-on Investment
 Private Equity - Buyout Partnership - Direct Fund $100,000,000 The Baring Asia Private Equity Fund VIII, L.P.  9/15/2021  Follow-on Investment
 Private Equity - Special Situations Partnership - Direct Fund $100,000,000 Clearlake Capital Partners VII, L.P. 9/17/2021   Follow-on Investment
 Real Estate - Opportunistic Partnership - Direct Fund $100,000,000 Blackstone Real Estate Partners Asia III, L.P. 9/27/2021  Follow-on Investment
 Private Equity - Buyout Partnership - Direct Fund $25,000,000 ABRY Heritage Partners II, L.P. 9/30/2021  Follow-on Investment
Real Estate - Opportunistic Partnership - Direct Fund $41,600,000 Crow Holdings Development Opportunities Fund I, L.P. 10/19/2021 Follow-on Investment
Real Estate ‐ Value Add Partnership ‐ Direct Fund $100,000,000
Artemis Real Estate Partners Fund IV, L.P.
12/6/2021 Follow on Investment

2020 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Real Estate - Value Add Partnership - Direct Fund  $75,000,000  Oak Street Real Estate Capital Fund V, L.P.  2/4/2020 Follow-on Investment
Private Equity - Venture Capital Limited Liability Company - Direct Fund $25,000,000 Lightspeed SPV OB, LLC  2/7/2020 Follow-on Investment
Private Equity - Buyout Partnership - Direct Fund $50,000,000 Vista Foundation Fund IV, L.P.  2/21/2020 Follow-on Investment
Private Equity - Credit 

Partnership - Direct Fund

$50,000,000 Vista Credit Partners Fund III, L.P.  3/2/2020 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund  $40,000,000  Lightspeed Venture Partners XIII, L.P.  3/6/2020 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund $60,000,000 Lightspeed Venture Partners Select IV, L.P.  3/6/2020 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund $75,000,000 Oak Street Real Estate Capital Fund V, L.P.  2/4/2020 Follow-on Investment
Private Equity - Venture Capital Limited Liability Company - Direct Fund $25,000,000 Lightspeed SPV OB, LLC  2/7/2020 Follow-on Investment
Private Equity - Buyout Partnership - Direct Fund $50,000,000 Vista Foundation Fund IV, L.P.  2/21/2020 Follow-on Investment
Private Equity - Credit Partnership - Direct Fund $50,000,000 Vista Credit Partners Fund III, L.P.  3/2/2020 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund $40,000,000 Lightspeed Venture Partners XIII, L.P.  3/6/2020 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund $60,000,000 Lightspeed Venture Partners Select IV, L.P.  3/6/2020 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund €100,000,000 Ares European Property Enhancement Partners III SCSP  3/31/2020 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund $75,000,000 Oak Street Real Estate Capital Fund V, L.P.  2/4/2020 Follow-on Investment
Private Equity - Venture Capital Limited Liability Company - Direct Fund $25,000,000 Lightspeed SPV OB, LLC  2/7/2020 Follow-on Investment
Private Equity - Buyout Partnership - Direct Fund $50,000,000 Vista Foundation Fund IV, L.P.  2/21/2020 Follow-on Investment
Private Equity - Credit Partnership - Direct Fund $50,000,000 Vista Credit Partners Fund III, L.P.  3/2/2020 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund $40,000,000 Lightspeed Venture Partners XIII, L.P.  3/6/2020 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund $60,000,000 Lightspeed Venture Partners Select IV, L.P.  3/6/2020 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund €100,000,000 Ares European Property Enhancement Partners III SCSP  3/31/2020 Follow-on Investment
Private Equity - Venture Partnership - Direct Fund $20,000,000 Mayfield XVI, a Delaware Limited Partnership  3/17/2020 Follow-on Investment
Private Equity - Venture Partnership - Direct Fund $20,000,000 Mayfield Select II, a Delaware Limited Partnership  3/17/2020 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund $75,000,000 Crow Holdings Realty Partners IX, L.P.  3/20/2020 Follow-on Investment
Fixed Income ‐ Core Separate Account $125,000,000 Ramirez Asset Management, Inc.  4/22/2020 Manager of Managers Program Graduation
Fixed Income ‐ Core Plus Separate Account $175,000,000 Longfellow Investment Management Co., LLC  4/23/2020 Manager of Managers Program Graduation
Private Equity - Buyout Partnership - Direct Fund $60,000,000 Sterling Group Partners V, L.P.  5/15/2020 Follow-on Investment
Private Equity - Venture Capital Company - Direct Fund $25,000,000 Lightspeed India Partners III, LLC  7/6/2020 Follow-on Investment
Real Estate - Opportunistic Partnership - Direct Fund $50,000,000 AEW Partners Real Estate Fund IX, L.P.  8/3/2020 Follow-on Investment 
Private Equity - Venture Capital Partnership - Direct Fund $7,500,000 Harpoon Venture Fund II, L.P. 8/7/2020 Follow-on-Investment
 Private Equity - Credit Partnership - Direct Fund $75,000,000  Clearlake Flagship Plus Partners, L.P. 9/4/2020 Follow-on-Investment
 Real Estate - Opportunistic Partnership - Direct Fund $100,000,000 Starwood Distressed Opportunities Fund XII, L.P. 9/25/2020 Follow-on Investment
 Private Equity - Special Situations Partnership - Direct Fund $25,000,000 EnCap Energy Transition Fund I-E, L.P.  10/23/2020 Follow-on-Investment
Real Estate - Opportunistic Partnership - Direct Fund $50,000,000 Torchlight Debt Fund VII, L.P. 11/1/2020 Follow-on-Investment
Private Equity - Venture Capital Partnership - Direct Fund $24,000,000 Versant Venture Capital VIII, L.P.  11/19/2020  Follow-on-Investment
Private Equity - Venture Capital Partnership - Direct Fund  $6,000,000  Versant Voyageurs II, L.P.  11/19/2020 Follow-on-Investment
Private Equity - Venture Capital Partnership - Direct Fund $30,000,000  Versant Vantage II, L.P. 11/19/2020 Follow-on-Investment 
Private Equity - Venture Capital Limited Liability Company - Direct Fund $25,000,000 LSVP TIPL-D SPV, LLC 12/14/2020 Follow-on Investment

2019 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
International Equity - All Cap Developed Separate Account $129,200,000 Ativo Capital Management 1/28/2019 Existing Manager Mandate Change
Real Estate - Value Add Partnership - Direct Fund  $25,000,000  LaSalle Income & Growth Fund VIII, L.P.  1/31/2019 Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund $30,000,000 Versant Vantage I, L.P.  3/8/2019 Follow-on Investment
Private Equity - Middle Market Buyout Partnership - Direct Fund $75,000,000 Vistria Fund III, L.P.  3/15/2019 Follow-on Investment
Real Estate Fund of Funds - MWBE Fund of Funds $100,000,000 Oak Street Seeding & Strategic Capital Fund II, MW, L.P.  3/19/2019 Investment Made with Existing Manager
Private Equity - UK Private Equity Partnership - Direct Fund £150,000,000 Inflexion Strategic Partners, L.P.  4/4/2019 Investment Made with Existing Manager
Private Equity - Middle Market Buyout Partnership - Direct Fund $75,000,000 Waud Capital Partners V, L.P.  4/30/2019 Investment Made with Existing Manager
Private Equity - Special Situations Partnership - Direct Fund $75,000,000  Clearlake Opportunities Partners II, L.P.    4/25/2019 Investment Made with Existing Manager
Private Equity - UK Buyout and Growth Equity Partnership - Direct Fund £50,000,000  Inflexion Supplemental Fund V, L.P.    4/30/2019 Follow-on Investment
Private Equity - UK Middle Market Buyout Partnership - Direct Fund £20,000,000  Inflexion Enterprise Fund V, L.P.  4/30/2019 Follow-on Investment
Real Estate - Opportunistic Partnership - Direct Fund

€100,000,000

Blackstone Real Estate Partners Europe VI SCSp  5/8/2019 Follow-on Investment
Private Equity - Lower Middle Market Buyout Partnership - Direct Fund $15,000,000  AUA Private Equity Fund II, L.P.  6/5/2019 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund $35,000,000  Long Wharf Real Estate Partners VI, L.P.  6/12/2019 Follow-on Investment
Real Estate - Value Add Partnership - Direct Fund $50,000,000 Rockwood Capital Real Estate Partners Fund XI, L.P.  6/28/2019 Follow-on Investment
Private Equity - European Middle Market Buyout Partnership - Direct Fund €50,000,000 IK IX Fund No. 1 SCSp  7/11/2019  Follow-on Investment
Private Equity - Venture Capital Partnership - Direct Fund $100,000,000 Lightspeed Opportunity Fund, L.P.  7/12/2019  Follow-on Investment
Real Estate - Debt Partnership - Direct Fund $100,000,000 Blackstone Real Estate Debt Strategies IV, L.P. 10/17/2019 Follow-on Investment
Private Equity - Special Situations  Partnership - Direct Fund $60,000,000 Clearlake Capital Partners VI, L.P. 12/10/19 Follow-on Investment
Private Equity - Growth Equity Partnership - Direct Fund $75,000,000 Valor Equity Partners, V, L.P.   12/23/19 Follow-on Investment

2018 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Real Estate - Core Partnership - Direct Fund  50,000,000 

Barings European Core Property Fund SCSp

SICAV - SIF

 1/9/2018 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund £56,000,000  Inflexion Buyout Fund V, L.P.  2/26/2018 Follow on Investment
Real Estate - Opportunistic Partnership - Direct Fund  £100,000,000 Ares Eurpoean Real Estate Fund V, SCSp  3/9/2018 Follow on Investment 
Private Equity - Venture Capital Partnership - Direct Fund $50,000,000 
Lightspeed Venture Partners Select III, L.P.  3/28/2018 Follow on Investment
Private Equity - Venture Capital Partnership - Direct Fund $30,000,000  Lightspeed Venture Partners XII, L.P.  3/28/2018 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund £44,000,000  Inflexion Partnership Capital Fund II, L.P.  3/28/2018 Follow on Investment
Private Equity - Venture Partnership - Direct Fund  $20,000,000 Versant Voyageurs I Feeder, L.P.  4/9/2018 Follow on Investment 
Private Equity - Buyout  Partnership - Direct Fund $25,000,000 True North Fund VI, LLP  4/23/2018 Follow on Investment
Private Equity - Growth Equity Partnership - Direct Fund $50,000,000 Valor M33 II, L.P.  5/21/2018 Follow on Investment 
Private Equity - Venture Capital Company - Direct Fund $25,000,000  Lightspeed India Partners II, LLC  6/18/2018 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund $100,000,000 Vista Equity Partners Fund VII, L.P.  8/31/2018 Follow on Investment 
Private Equity - Credit Partnership - Direct Fund $75,000,000  ABRY Advanced Securities Fund IV, L.P.  9/12/2018 Follow on Investment
Private Equity - Venture Capital Partnership - Direct Fund $40,000,000  Versant Ventures Fund VII, L.P.  9/18/2018 Follow on Investment
Private Equity - Growth Equity Partnership - Direct Fund  $25,000,000 ChrysCapital Fund VIII, L.L.C. 11/15/2018 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund $50,000,000 ABRY Partners IX, L.P. 12/6/2018  Follow on Investment
Private Equity - Venture Capital Partnership - Direct Fund $20,000,000 VMT I, L.P. 12/12/2018 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund    $75,000,000 The Baring Asia Private Equity Fund VII, L.P. 12/21/2018 Follow on Investment
Real Estate - Opportunistic Partnership - Direct Fund $150,000,000 Blackstone Real Estate Partners IX, L.P.  12/21/2018 Follow on Investment

2017 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Private Equity - Special Situations Partnership - Direct Fund  $23,000,000 ABRY Senior Equity V, L.P.  1/19/2017 Follow on Investment
Real Estate - Value Add Partnership - Direct Fund $75,000,000  Crow Holdings RE VIII, L.P.  2/3/2017 Follow on Investment
Real Estate - Value Add Partnership - Direct Fund  $75,000,000  Oak Street RE Capital Fund IV, L.P.  2/28/2017 Follow on Investment
Private Equity - Special Situations Partnership - Direct Fund  $35,000,000 EnCap Energy Capital Fund XI, L.P.  3/6/2017 Follow on Investment 
Private Equity - Venture Capital Limited Liability Company - Direct Fund $15,000,000  Lightspeed SPV I, L.L.C.  4/20/2017 Follow on Investment
Private Equity - Growth Equity Partnership - Direct Fund  $75,000,000  Valor Equity Partners IV, L.P.   5/5/2017 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund $35,000,000 ICV Partners IV, L.P.  6/9/2017 Follow on Investment 
Real Estate - Opportunistic Partnership - Direct Fund $100,000,000  Blackstone RE Partners Asia II, L.P.  9/21/2017 Follow on Investment
Private Equity - Credit Partnership - Direct Fund $25,000,000 Sterling Group Credit Fund, L.P. 9/22/2017 Follow on Investment
Real Estate - Opportunistic Partnership - Direct Fund $50,000,000 Dune Real Estate Fund IV, L.P. 9/25/2017 Follow on Investment
Private Equity -- Buyout Partnership - Direct Fund $25,000,000 New MainStream Fund III, L.P. 9/29/2017 Follow on Investment
Real Estate - Core Partnership - Direct Fund

€ 100,000,000

Blackstone Property Partners Europe, L.P. 11/17/2017 Follow on Investment 
Real Estate - Opportunistic  Partnership - Direct Fund $50,000,000 Torchlight Debt Opportunity Fund VI, L.P. 11/21/2017 Follow on Investment
Real Estate - Value Add Partnership - Direct Fund $75,000,000 Artemis Real Estate Partners Fund III, L.P.  12/19/2017 Investment Made with Existing Manager
Private Equity - Special Situations Partnership - Direct Fund $20,000,000 Clearlake Capital Partners V, L.P. 12/22/2017 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund $20,000,000 Beecken Petty O'Keefe Fund V, L.P. 12/22/2017 Follow on Investment

2016 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Private Equity ‐Venture Partnership - Direct Fund $22,000,000 Lightspeed Venture Partners XI, L.P. 3/3/2016 Follow on Investment
Private Equity ‐Venture Partnership - Direct Fund $8,000,000 Lightspeed Venture Partners Select II, L.P. 3/3/2016 Follow on Investment
Core Plus Fixed Income Separate Account $250,000,000 Brandes Investment Partners 3/2/2016 Investment Made with Existing Manager
Private Equity - Buyout Partnership - Direct Fund $100,000,000 Vista Equity Partners Fund VI, L.P. 3/11/2016 Follow on Investment
Real Estate - Value Add Partnership - Direct Fund £100,000,000 Ares European Property Enhancement Partners II, L.P. 3/31/2016 Investment Made with Existing Manager
Private Equity - Venture Partnership - Direct Fund  $10,000,000 Mayfield XV, L.P.  4/27/2016 Follow on Investment 
Private Equity - Venture Partnership - Direct Fund  $10,000,000  Mayfield Select, L.P.  4/27/2016  Investment Made with Existing Manager 
Private Equity - Credit Partnership - Direct Fund  $50,000,000 Vista Credit Opportunities Fund II-B, L.P.  5/9/2016 Follow on Investment 
Private Equity - Buyout Partnership - Direct Fund  $25,000,000  Vista Foundation Fund III, L.P. 5/19/2016  Follow on Investment 
Private Equity - Buyout/Growth Equity  Partnership - Direct Fund £17,000,000  Inflexion Supplemental Fund IV, L.P.  5/27/2016 Follow on Investment
Private Equity - Buyout/Growth Equity Partnership - Direct Fund £15,000,000  Inflexion Enterprise Fund IV, L.P. 5/27/2016 Investment Made with Existing Manager
Real Estate - Value Add Partnership - Direct Fund $25,000,000  Artemis Real Estate Partners Healthcare Fund I, L.P.  7/28/2016 Investment Made with Existing Manager
Private Equity - Buyout Partnership - Direct Fund $7,500,000 ABRY Heritage Fund, L.P.  8/5/2016  Investment Made with Existing Manager 
Real Estate - Value Add Partnership - Direct Fund  $35,000,000 CBRE Strategic Partners U.S. Value 8, L.P.  8/30/2016 Follow on Investment
Real Estate - Value Add Partnership - Direct Fund  $30,000,000 Long Wharf Real Estate Partners V, L.P. 9/2/2016  Follow on Investment 
Real Estate - Opportunistic Partnership - Direct Fund $75,000,000 Starwood Global Opportunity Fund XI, L.P. 9/15/2016 Follow on Investment
Real Estate - Opportunistic Partnership - Direct Fund $50,000,000 AEW Partners VIII, L.P. 9/30/2016 Follow on Investment
Private Equity - Venture Partnership - Direct Fund $15,000,000 Versant Venture Capital VI, L.P. 11/4/2016  Follow on Investment

2015 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Real Estate - Debt Partnership - Direct Fund $35,000,000 Torchlight Debt Opportunity Fund V, L.P. 3/12/2015 Follow on Investment
Real Estate - Opportunistic Partnership - Direct Fund $100,000,000 Blackstone Real Estate Partners VIII, L.P. 3/27/2015 Follow on Investment
Real Estate - Value Add Partnership - Direct Fund $35,000,000 Almanac Realty Securities VII, L.P. 3/31/2015 Follow on Investment
Private Equity - Special Situations Partnership - Direct Fund $25,000,000 EnCap Energy Capital Fund X, LP 4/8/2015 Follow on Investment
Fixed Income - Core Separate Account $100,000,000 Garcia Hamilton & Associates 4/29/2015 Additional Allocation to Existing Manager
Private Equity - Buyout Partnership - Direct Fund $10,000,000 The Vistria Fund, LP 9/11/2015 Additional Allocation to Existing Manager
 Real Estate - Debt Partnership - Direct Fund  $100,000,000 Blackstone Real Estate Debt Strategies III, L.P. 12/22/2015 Follow on Investment
 Real Estate - Value Add Partnership - Direct Fund  $25,000,000 LaSalle Income & Growth Fund VII, L.P. 12/30/2015 Follow on Investment

2014 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Private Equity - Venture Capital Partnership - Direct Fund $18,750,000 Lightspeed Venture Partners X, L.P. 03/2014 Follow on Investment
Private Equity - Venture Capital Partnership - Direct Fund $6,250,000 Lightspeed Venture Partners Select, L.P. 03/2014 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund $100,000,000 Vista Equity Partners Fund V, L.P. 03/2014 Additional Allocation to Existing Manager
Real Estate - Value Add Partnership - Direct Fund $35,000,000 CBRE Strategic Partners U.S. Value 7, L.P. 4/2014 Follow on Investment
Private Equity - Special Situations Partnership - Direct Fund $35,000,000 ABRY Advanced Securities Fund III, L.P. 4/2014 Additional Allocation to Existing Manager
Real Estate - Opportunistic Partnership - Direct Fund $50,000,000 Starwood Opportuntity Fund X Global, L.P. 6/2014 Follow on Investment
Private Equity - Buyout Partnership - Direct Fund $25,000,000 ABRY Partners VIII, L.P. 8/2014 Additional Allocation to Existing Manager

2013 Investments Made without a Formal RFP

Mandate Mandate Structure Mandate Size Awarded Entity Contract Finalized Reason for Exception
Real Estate - Core Open End Commingled Fund $125,000,000 CBRE U.S. Core Partners, L.P. 10/2013 Additional Allocation to Existing Manager
Private Equity - Special Situations Partnership - Direct Fund $50,000,000 Vista Credit Opportunities Fund I, L.P. 10/2013 Additional Allocation to Existing Manager
Fixed Income - US Debt Index Commingled Fund $940,000,000 BlackRock US Debt Index Fund 8/2013 Investment Made with Existing Manager