Alternatives
The university is looking to add private equity commitments to its portfolio on the heels of maiden commitments to the asset class in the fourth quarter.
The retirement system added $160 million in new private equity and hedge fund allocations in recent months.
Institutional investors increasingly sought comfort and partnerships with investment consultants that provide expertise on alternative and private markets asset classes as 2024 came to a close.
The plan’s private markets portfolio accounts for more than half of its total assets.
The plan closed on three private markets commitments last month.
The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The university revised its asset allocation and added international equity and private equity managers in the fourth quarter as recommended by its general investment consultant.
The firm recently closed its oversubscribed fourth fund with $999.9 million in total commitments, reaching its hard cap within four months of launch.
The retirement system interviewed two finalists last month.
The pension plan recently made $1.5 billion in total commitments and terminated two existing managers.