Alternatives
The plan made several commitments in alternatives asset classes in November and December.
A total of six new commitments and two terminations were reported this month.
The plan also revised its upcoming fixed-income and international equity manager search timelines.
The alternative credit manager has closed its second collateralized fund obligation, which will invest in U.S. senior lending, junior capital and equity co-investments, just below $200 million.
The university fully liquidated a hedge fund investment within its endowment in the fourth quarter and reinvested the proceeds in a money market fund.
The institution approved new hedge fund, private equity and venture capital commitments in the fourth quarter.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
The pension plan’s hedge fund committee approved four commitments and a manager termination at its meeting in October.
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