Asset Study/Review
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The university is seeking firms with specialized financial and legal expertise in trust law and endowment management to conduct a comprehensive, risk-aware review of its underutilized endowments.
The organization revised the asset allocation for its Balanced Pooled Fund in the fourth quarter, removing its diversifying strategies allocations to increase real estate and real assets.
The retirement system also disclosed several private markets commitments.
The nonprofit association revised its target asset allocation in the second quarter, moving its portfolio toward fixed-income at the expense of public equities and real assets.
The firm has issued an RFP seeking firms to assess its current compliance infrastructure as it considers registering as an Securities and Exchange Commission registered investment adviser.
The retirement system also made three commitments at its investment committee meeting last week.
The plan concluded its global equity manager search with a replacement for one existing firm.
The plan also approved follow-on private equity fund-of-funds commitments last quarter.
The plan was mulling a 5% target to either private equity or private credit, ultimately approving the latter.
