Alternatives
A new study finds that endowments and foundations’ investment expectations are muted given an uncertain market environment, while they anticipate alternatives having an increased role in portfolios.
Retirement fund made real estate debt and private equity commitments at the end of the third quarter.
The commitments include private credit, infrastructure, farmland and real estate.
The plan replaced a commodities manager and added a global real estate manager to its watch list in the third quarter.
The global asset manager raised nearly $3 billion from institutional investors for its second private equity fund focused on impact investments.
The fund extended the watch list status for one of its domestic equity managers during its August board meeting despite improved performance over the last three quarters.
The commitments to three firms represent new relationships.
The plan’s private markets committee will recommend the commitment at a board meeting later this month.
The fund approved recommendations to add new multi-strategy hedge fund managers as well as introduce long/short active management in the international equity portfolio last month.
The college is fine-tuning its hedge fund and private equity portfolios in the near term as it makes progress on its long-term goal to divest from fossil fuel investments.