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The fund approved a revision to its investment policy statement to lift its prohibition of privately placed securities as requested by one its international large-cap equity managers and recommended by its general investment consultant.
The university approved distressed debt and private equity commitments with existing managers within its endowment at its May investment committee meeting.
The plan expects to commit $225 million total to real estate this year.
The fund is expected to notify one of its managers of its placement on the state’s initial list of 13 financial institutions that are banned from state contracts due to their boycotts of fossil fuel companies or failure to reply to a questionnaire.
The university will transition to a new core investment menu in early June for its defined contribution plan, 403(b) plan and student employee retirement plans with a sole administrator handling oversight.
The fund invests in U.S. lower middle market companies in the manufactured products, business services and consumer industries.
Miller Value Partners announced today the completion of the acquisition of a majority stake in the firm by Bill Miller IV.
The plan hired a new investment advisor at a meeting earlier this month.
The firm recently held a first close of its climate private equity strategy with $500 million in capital commitments.
The fund approved closing its investment in an emerging markets index strategy and transferring the proceeds into a passive vehicle with two sleeves with an existing manager.