Asset Study/Review
The university will consider taking a more discretionary role in the management of its non-endowed portfolios.
The new strategic asset allocation increases its private equity and private credit targets.
The fund is looking to build out its alternatives allocations to align its portfolio with a new strategic asset allocation approved in June.
The foundation has transitioned its endowment to mission-related investments that promote environmental sustainability.
The policy will allow staff to take advantage of time-sensitive investment opportunities.
The plan increased its total private markets target as the portfolio is currently overweight to private equity and private real assets and recently placed an MSCI EAFE Index fund manager on watch due to underperformance.
The institution has drafted a private equity co-investment policy framework alongside its general investment consultant that will be presented at a future meeting.
The plan hired an existing manager to temporarily handle a roughly $70 million allocation and announced the promotion of an investment officer at a meeting yesterday.
The state is now required to only consider pecuniary factors that exert a material effect on the financial risk or the financial when making investment decisions.
A university based in New England is contemplating a new dedicated private equity allocation within one of its investment pools.
