Asset Study/Review
The board voted to divest from companies owned or controlled by the Chinese Communist Party on Sept. 24 and expects the action to be completed by early 2026.
The university revised the asset allocation for its long-term investment pool, increasing its allocation to domestic and private equity, as part of a new investment policy statement approved at its September board meeting.
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The pension plan approved asset allocation changes within its domestic equity, real estate and private markets portfolios yesterday.
The new asset allocation includes a 5% private credit target.
The retirement system also made several changes to its public equity and real estate portfolios last week.
The retirement system will also consider several changes to its public equity and real estate portfolios this week.
The fund reviewed proposed changes to the target asset allocation for its trust funds portfolio last month, including increases to private equity, public equity and private infrastructure.
The pension plan approved a new asset allocation policy that increased its targets to core bonds and international large-cap equity in the second quarter.
The investment board disclosed a domestic small-cap core equity manager termination and private markets commitments totaling $95 million today.