Alternatives
The foundation is considering introducing alternatives investments within its portfolio after hiring a new firm to provide non-discretionary investment consulting services to conclude an RFP process from last year.
The state pension fund will hire a consultant for its risk diversifiers portfolio at this week’s board meeting.
The pension plan disclosed $575 million in private equity and private credit commitments at yesterday’s board meeting.
The firm recently closed its oversubscribed inaugural fund at its hard cap after garnering commitments from endowments, family offices, foundations and funds-of-funds globally over the course of the last year.
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
The university added private equity commitments with new and existing managers within its long-term pool in between its March and April board meetings.
The pension plan considered establishing a 5% target to either private equity or private credit last month.
The fund is removing a bond overlay as market monitor signals have moved to short from neutral and is also increasing two infrastructure commitments within its portfolio.
The firm added a principal to its investment team to focus on evaluating, executing and managing investments across the industrials sectors.
The retirement plan also added a private equity commitment at last week’s board meeting.
