Alternatives
The fund reviewed proposed changes to the target asset allocation for its trust funds portfolio last month, including increases to private equity, public equity and private infrastructure.
The retirement system finalized a pair of new manager relationships last week.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
The plan terminated a $315 million international small-cap equity mandate due to long-term underperformance.
The plan also terminated an international small-cap equity manager for performance reasons.
The pension plan also hired a manager to handle a customized treasury mandate.
The pension plan established a 5% target to the private credit asset class at a meeting this week.
The foundation is seeking an investment consultant to advise its investment portfolio as it also explores increasing its private equity and debt allocations.
The firm has signed a definitive agreement to sell a stake in its private credit business to another firm to create a stand-alone private credit asset management platform.
The university has invested over $100 million in a bitcoin exchange traded fund within its endowment.