Alternatives
The plan made two commitments to close its allocation gap relative to the asset class target.
Plan will conduct an RFP for multi-asset credit managers later this year as the result of asset allocation changes that also include a maiden private debt target approved at today’s board meeting.
Plan added a $13 million private equity commitment as part of its annual pacing plan in the asset class.
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.