Emerging/Diverse Managers
Potential domestic small-cap core equity search would come in a decision to move away from a small-cap value manager.
The investment will be with a newly formed local and minority-owned manager.
The plan invested up to $15 million total into two diverse-owned private credit managers on Friday.
The firm had suffered from asset decline and underperformance.
Plan is seeking a domestic small- or small- to mid-cap equity manager to fill a recent gap in its emerging manager program stemming from a graduation.
Historically black colleges and universities are reeling, like many other higher education institutions, from the COVID-19 pandemic’s impact on their business models.
Despite these struggles, institutions cannot and should not let those issues stand in the way of growing their endowment portfolios and diversifying them to combat the underrepresentation of diverse-owned investment managers in the approximately $70 trillion asset management industry, allocators and industry experts said.
The plan hired two firms in its diverse private equity fund-of-funds search this week.
Plan will target $25 million to infrastructure for 2021-2022 and could issue an RFP if no existing relationships are out to market.
Institutions should take a fresh look at financial and investment strategies to address challenges to their business models and maintain optimal asset allocations to meet a 7.5% historical return target, particularly in the face of a long-term era of muted returns, according to a recent study.
A foundation in the Mid-Atlantic region expanded its asset allocation range for real assets and increased its range for alternatives or non-traditional assets as part of changes to its investment policy statement last year.
