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The plan added up to $340 million in commitments to existing private equity and real estate manager relationships.
The plan added up to $1.625 billion in new commitments at last week’s meetings.
The transaction marks iM Global Partner’s ninth partnership.
The plan will target 5% each to the new asset classes.
The plan is looking to replace its current underperforming manager.
Authority has issued yearly RFQ for investment management services.
The recent study continues to see greater participation and transparency among foundations as the nonprofits continued to increase investing with diverse-owned firms.
The plan approved a new asset allocation for its Core Trust Fund yesterday.
The plan committed $910 million total to one new manager and two existing managers this week.
The commitment will fit into the debt-related special situations bucket of the plan’s private equity portfolio.