Alternatives
The plan made commitments across private equity, private credit and real estate as part of its annual pacing plan.
The authority, which issued an RFI in February as it looked to establish a cannabis investment fund, has now issued its formal RFP.
Fund will interview three open-end core real estate managers to potentially handle $100 million total and two closed-end core real estate managers to handle $50 million prior to its board meeting at the end of the month.
Three diverse-owned managers targeting alternative assets received an aggregate of $44 million.
Staffer built the first crypto-blockchain portfolio for one of the firm’s client in 2018 and completed the firm’s first due diligence on a crypto fund in 2017.
Investment manager will source prospective private markets managers, conduct analysis and due diligence on existing managers and maintain the university’s internal database.
Firm plans to announce additional hires for the London team over the coming weeks.
The fund approved the infrastructure commitment to a Southern-based firm with which it has previously committed more than $1 billion during its board meeting this week.
Digital assets have emerged as a major area of focus for institutional investors with over 80% of endowments and foundations expecting to increase their investments in cryptocurrencies and other digital assets this year, according to a recent survey.
Plan’s hedge fund committee considered terminating a hedge fund manager and adding two commitments last week.
