Emerging/Diverse Managers
HBCUs have done the work of developing and producing leaders in the financial services and investment sectors in the face of funding cuts and other institutional barriers.
The foundation is looking to increase its allocations to diverse asset managers and environmental sustainability and social impact strategies, including regionally focused investments, within its endowment.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.
MPowered Capital’s investment in A1A Investment Partners is part of its GP Structured Partnership seeding strategy.
The plan is looking to allocate up to $250 million to emerging managers.
The retirement fund also terminated a global equity manager-of-managers and made commitments totaling $695.6 million in October.
The plan hired two firms to implement emerging manager programs of up to $400 million each for real estate and real assets.
The retirement fund also disclosed commitments totaling $1.1 billion in September.
The retirement association was notified of a hedge fund commitment and real assets reallocation last week.
The plan discussed the RFP at its emerging manager subcommittee last month.