Asset Study/Review
The pension plan hired two infrastructure managers as the result of a newly approved asset allocation policy in the second quarter.
The fund is reducing its private markets pacing as it is increasing its distribution rate.
The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.
The fund approved adopting changes to its target asset allocation at its September board meeting as it also made a $100 million infrastructure commitment.
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.