Private Equity
The changes include increases to the plan’s core real estate and infrastructure targets and subsequent searches.
The RFP will seek one or more short-duration high-yield fixed-income managers.
The plan is scheduled to approve a new target asset allocation at its meeting on Tuesday.
The pension plan committed up to $40 million to an existing manager relationship yesterday.
The foundation recently made an undisclosed mission-related commitment to a venture strategy focused on biomedical tech start-ups.
The pension plan’s investment committee approved a $75 million commitment to a middle market buyout strategy last week.
The new fiscal year 2024 asset allocation policy will increase the fixed-income targets for four of the plan’s systems.
The university disclosed follow-on venture capital and private equity commitments made in the first and second quarters of 2023 within its long-term portfolio.
The system will introduce a target to asset allocation leverage as part of a new long-term asset allocation policy for its defined benefit plans and hired a record keeper on behalf of its eight defined contribution plans yesterday.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.