Alternatives
The institution recently announced three inaugural investments from its early-stage venture fund that invests in startup tech companies founded by university-affiliated faculty members and researchers.
The fund added multi-asset credit and international equity investments alongside an infrastructure and real estate fund-of-one vehicle within its portfolio at a recent board meeting.
The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The plan is replacing the consultant following a review at last week’s board meeting.
The retirement system added $860 million across three new commitments in May.
The retirement association disclosed $60 million in private markets commitments following closed session deliberations.
The retirement system hired three firms to provide the services in 2013.
The fund approved a recommendation from staff and its general investment consultant to make a co-invest commitment to an infrastructure fund-of-one with an existing investment manager in its portfolio.
The university added new hedge fund, private real asset and private equity commitments on the heels of terminating two hedge fund managers and one international equity manager within its endowment this summer.
The university revised its asset allocation this month, increasing its target to alternative investments, as recommended by its discretionary advisor.
