Alternatives
The university disclosed follow-on commitments with existing private equity and natural resources managers within its long-term portfolio made in the third quarter.
The fund approved a real estate debt commitment to an existing manager above previous commitment levels in the third quarter.
The fund is considering the addition of two new private equity managers to its trust as part of the buildout of its allocations to alternatives.
The commitments total $850 million to existing relationships.
The plan also approved liquidating its sole emerging market debt manager at a meeting today.
The fund expects to hear recommendations on adding private credit, venture capital and public fixed-income managers over the next quarter and a half.
The retirement system disclosed recent private equity and infrastructure commitments from the beginning of the fourth quarter.
The firm hired a senior v.p. within its alternatives consulting group to implement private equity portfolios, including providing direct partnership evaluations, direct co-investment evaluations and fund-of-funds searches.
The pacing plans call for a total of $835 million across the two asset classes.
The retirement fund is seeking multiple managers to handle approximately $350 million in assets.