Alternatives
The pension plan approved a new asset allocation policy that introduced a new asset class and eliminated two existing asset classes last week.
The firm has updated its investing leadership structure, forming a globally-focused investment management leadership team, in preparation for its next phase of growth.
The joint venture will provide flexible private credit solutions that support the needs of lower and middle market businesses.
The pension fund approved the search for a maiden private markets consultant at a board meeting earlier this month.
The organization pivoted its asset allocation toward domestic large-cap equities as part of revisions and also added a real assets strategy.
The pension fund also concluded an emerging market debt manager search with a hire at today’s board meeting.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
The plan disclosed new private equity, credit and real estate commitments at a board meeting today.
The institution will look to increase its commitments to private real assets over the next two years after adding a private real assets strategy within its endowment at its investment committee meeting last week.
The endowment will call a special meeting to select a firm in its U.S. direct lending manager search after eliminating one firm from a pool of candidates at its board meeting last month.