Asset Study/Review
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The retirement system doubled its target to value-add real estate at a board meeting today.
The plan also made slight adjustments to its asset allocation at its meeting this week.
The pension plan also maintained the fiscal year 2027 asset allocation policy for three of its systems this week.
The trust fund’s general investment consultant recommended the expansion to diversify its public credit portfolio into other credit instruments from exclusively bank loans.
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 pension plan considered establishing a 5% target to either private equity or private credit last month.
The university is discontinuing its voluntary divestment from all publicly traded oil and gas companies as it has set a goal of achieving a net-zero endowment by 2046.
The retirement plan also made a private equity commitment for pacing purposes last month.
The plan approved a new domestic equity structure that shifts the portfolio to 100% passive.
