Alternatives
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The pension fund approved three commitments to existing manager relationships this week.
The plan selected a fund from a search report that included both secondaries and fund-of-funds options.
The pension system added $340 million in private markets commitments in the second quarter.
The university approved adding new private equity managers as well as re-upping a commitment with an existing venture capital manager within its endowment.
The firm is launching a venture capital fund that will invest in early-stage companies using climate technology and artificial intelligence to improve real assets.
The pension fund added a $10 million commitment to a new manager relationship this month.
The firm announced the first close for its latest alternative credit investment strategy exceeding $1 billion in new capital commitments.
The fund will consider increasing portfolio leverage at its next board meeting as it also looks to reposition its venture capital program to exploit new market opportunities.