Infrastructure
The commitments fulfill the plan’s 2026 real assets and private equity pacing plans.
The retirement system also opted against action following an equity structure review last month.
The fund is more than 50% larger than its predecessor vehicle.
The plans adopted the new asset allocation following an asset study by their general investment consultant.
The pension system also discussed a potential private equity pacing plan that calls for $80 million to $90 million per year to reach its 11% target.
The plan also terminated an international large-cap growth equity manager.
The firm added a managing director for its sustainable infrastructure credit platform to assist with deal origination, sourcing, structuring and mobilizing capital.
The plan established a dedicated real assets target of up to 3%.
The fund approved a recommendation from staff and its general investment consultant to make a co-invest commitment to an infrastructure fund-of-one with an existing investment manager in its portfolio.
The university revised its asset allocation this month, increasing its target to alternative investments, as recommended by its discretionary advisor.
