Commitment is first of two to non-core real estate funds anticipated this year.
Three diverse-owned managers targeting alternative assets received an aggregate of $44 million.
Plan expects to receive a recommendation in October.
Plan added commitments totaling roughly $2.7 billion with six existing managers and two new managers in March.
Program is centered around a platform of separately managed accounts that will source, conduct due diligence on, invest in and oversee allocations to emerging managers.
She will lead the firm’s first formal DEI office.
Three new investments were added to the foundation’s endowment as part of its gender and racial equity lens initiative to invest 25% of its portfolio with firms majority-owned by women and/or people of color.
The firm has also appointed a chief diversity officer and deputy chief diversity officer to lead the office.
She will lead and drive strategy for diversity, belonging and equity.
The plan’s emerging-manager-of-managers is replacing an international equity firm due to a personnel change.
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