Alternatives
The plan agreed to advance two emerging manager program RFPs and implement a new asset allocation yesterday.
A trust fund in the south approved a new target asset allocation including a maiden allocation to hedge funds at its first quarter board meeting.
A fund based in the Midwest approved increasing its targets to public equities and alternatives earlier this week following a recommendation from its general investment consultant.
A fund in the South approved a real assets co-investment at its board meeting this week.
The search will begin in the next few weeks for a firm to handle up to $15 million.
The trust fund made real estate and private equity commitments after establishing 5% targets in 2019.
The plan approved two private equity commitments at its May board meeting.
The plan is looking to invest in three North American buyout strategies.
The plan made commitments to one new manager and existing managers.
A fund based in a Western state approved a new commitment to a private equity manager as it shifts its portfolio toward illiquid allocations.