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The board approved two private-equity searches with target allocations of up to $15 million each and approved contributing $3 million to PRIT Real Estate. The system was up 2.93%, compared with 2.83% for PRIT.
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The board authorized Fiducient to begin a co-investment search on April 1, 2026, followed by a secondaries search about a month later. It also approved retirement applications, retirement benefit figures subject to state approval, one disability application for review by PERAC, and $2,724,894.30 in bills and benefit payments. A request to increase the COLA base from $13,000 to $14,000 received unanimous support from the City Council Finance Committee and was forwarded to the council.
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