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A new report finds the impact investment space has seen tremendous growth in assets allocated in public markets as the fastest-growing asset class over the last half decade was public debt.
The foundation has issued an RFP seeking an investment manager to advise on asset allocation and investment selection for standard due diligence purposes.
The university hired an investment analyst this quarter to evaluate and monitor existing and potential managers, asset allocation and investment performance.
The college savings plan approved the search last week and expects to issue an open-invitation RFP next month.
The university added a third investment analyst to its team to help monitor its endowment and track performance.
The foundation is seeking an investment manager to help source and evaluate strategies across global equities, fixed-income, credit and absolute return in a search that follows the foundation eyeing an investment manager for private markets from the first quarter.
The plan will fund the new active manager from its index allocation.
The fund approved restructuring its real estate portfolio in favor of a core-satellite portfolio with a core mandate and two to three satellite managers and also added two 130/30 managers to create a market cap and style neutral portfolio structure.
The cio will depart the plan after more than 23 years with the organization.
The pension plan recently committed $275 million total to two funds and terminated existing convertibles and real estate debt strategies.