Asset Study/Review
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
The plan’s investment consultant is recommending discussions on areas such as real estate, infrastructure, private equity and direct lending.
A university based in the Midwest approved divesting its endowment from fossil fuel holdings during its board of trustees meeting this month.
A trust fund based in the West approved transitioning its investment in a core real estate debt strategy into another similar strategy next year at its board meeting this week.
A university in Canada approved a new benchmark allocation for its endowment in the 2021 fiscal year, significantly increasing its allocation to global equity.
The library approved a new target allocation that increased allocations to safe haven assets in fixed-income, reduced its global asset allocation target in favor of strategic equity and fixed-income allocations and balanced its regional exposure in equities to better align with the MSCI ACWI.
The plan will also create a 5% private debt target as part of a new asset allocation.
The plan also made two private markets hires earlier this year.
A university in the Mid-Atlantic region significantly increased its allocation to private equity investments over the course of the 2020 fiscal year.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.