The plan approved credit and private equity commitments during today’s meeting as part of pacing plans for the respective asset classes.
Plan’s investment committee will review a recommendation to rehire the incumbent consultant.
The plan disclosed new private equity, credit, portable alpha and real estate commitments at a meeting today.
The plan disclosed four private equity commitments to new and existing managers today.
Credit and venture capital commitments were made with three existing managers yesterday.
Plan added infrastructure and private equity buyout commitments at today’s meeting.
Plan will seek one core firm and one core-plus bond manager to split a proposed long-term target of 24% to the overall asset class.
Three new commitments totaled up to $115 million for the plan.
The plan added a private equity commitment with an existing manager and two real assets commitments with a new manager last week.
Institution is evaluating portable alpha and late-stage private investments for its endowment to add alpha to bolster returns.