Alternatives
The plan agreed to advance a general investment consultant RFP and retain its private equity advisor.
The plan has concluded a private equity search started in March.
The plan retained its general investment consultant and hired two opportunistic credit managers at a special investment board meeting last week.
Institutions are struggling with how to allocate their alternatives portfolios in search of alpha in today’s markets due to interest rates near all-time lows, tight credit spreads and high equity valuations, according to a recent webinar.
A fund based in the Great Plains region approved a direct lending commitment with a new manager and a private equity commitment with an existing manager at its July board meeting.
Plan disclosed a $25 million buyout commitment and axed a currency overlay mandate in June.
The plan nears two co-investment opportunities.
Plan hired a systematic trend following manager after its investment committee had elected to table a decision.
The plan disclosed various second quarter commitments in private markets totaling $300 million.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.