Alternatives
The retirement system finalized a pair of new manager relationships last week.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
The plan terminated a $315 million international small-cap equity mandate due to long-term underperformance.
The plan also terminated an international small-cap equity manager for performance reasons.
The pension plan also hired a manager to handle a customized treasury mandate.
The pension plan established a 5% target to the private credit asset class at a meeting this week.
The foundation is seeking an investment consultant to advise its investment portfolio as it also explores increasing its private equity and debt allocations.
The firm has signed a definitive agreement to sell a stake in its private credit business to another firm to create a stand-alone private credit asset management platform.
The university has invested over $100 million in a bitcoin exchange traded fund within its endowment.
The retirement system will commit $150 million across the two asset classes next year.