Emerging/Diverse Managers
The sustainable investment platform made a strategic minority investment in a minority and woman-owned middle market private equity firm and the investment will provide growth capital to enhance the firm’s infrastructure, capital base, human capital and overall resources.
The six managers will each handle a maximum of $600 million.
The pension plan liquidated its approximately $210 million domestic small- to mid-cap growth equity and made commitments totaling $120.5 million in November.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
The organization requested data from leading nonprofit hospital corporations in the U.S. on how they utilize Black and other minority or women asset managers to handle their assets, which total nearly $300 billion.
The plan is tentatively scheduled to search for active management in emerging market debt and emerging markets equity next year.
The plan also added two EAFE equity sub-managers to its emerging manager-of-managers portfolio.
The retirement fund is seeking multiple managers to handle approximately $350 million in assets.
The foundation is aiming to allocate at least 5% of its portfolio to emerging managers, while also looking to add climate-solution investments as it looks achieve a net-zero endowment by 2030.
The plan is seeking a firm to handle a $20 million mandate.
