International / Global / Emerging Markets
The private credit fund focuses on asset-backed investments.
A college savings plan based in a Southern state has hired an equity manager within its portfolio.
The plan terminated an EAFE value equity manager that had been placed on watch in June for underperformance.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The plan disclosed an additional investment and two terminations at Friday’s meeting and recently saw the departure of its deputy cio.
The search is to replace an underperforming incumbent manager.
The foundation has added a private equity strategy and an active global equity fund as part of its commitment to achieve net-zero carbon emissions across its endowment.
The plan disclosed recent private equity, real assets and private credit commitments made in the last five months.
Plan will seek board approval for international equity and U.S. fixed-income portfolio structures that would see new manager additions this week.
The plan disclosed a recent infrastructure commitment with a new manager.