Alternatives
The firms have created a separately managed account that allows financial advisors to allocate to private equity, private credit and real assets.
The request for expressions of interest has been launched to keep pace with plans to build out the investment fund’s private equity portfolio.
The plan also received a private markets pacing plan at its board meeting today.
The university made several re-up and add-on commitments with existing developed equity, hedge fund and private equity managers within its portfolio during the third quarter.
The fund will consider approving a recommendation from its investment consultant to allow an existing investment manager discretion to toggle between two different classes of stock.
The retirement association made 13 commitments totaling more than $900 million.
The plan will receive pacing recommendations across private equity, non-core real estate and private credit next week.
The retirement fund recently disclosed $60 million in total commitments across private credit and private equity.
The retirement system approved private equity and real assets commitments at its meeting last week.
Many endowments, foundations and their allocators point to relatively small or medium-size private equity buyout and early-stage venture capital for returns that outpace the public markets, while private real estate, infrastructure, hedge funds and private debt, especially asset-based lending look like strong portfolio diversifiers in this year’s mercurial environment.