Asset Study/Review
A university based in New England is contemplating a new dedicated private equity allocation within one of its investment pools.
The university is looking to divest direct and indirect fossil fuel investments and reinvest in clean energy solutions.
The university is considering adding a portable alpha allocation within one of its investment pools to diversify return exposures.
The plan committed $12 million total to its new private equity and private credit asset classes.
The diversity of the university’s endowment remains static year-over-year despite the addition of five new U.S.-based managers and the elimination of two other firms, according to a new report.
The plan added a 2% maiden target following an asset/liability study last month.
The plan will also eliminate its long/short equity portfolio.
The plan increased its private credit target and added a commitment within the non-core fixed-income portfolio yesterday.
The plan is in the process of filling its 5% private credit target and conducting a real estate portfolio structure review.
The religious institution adjusted the targets for its investment fund and socially responsible investment fund.