Real Assets
The plan will target $750 million with up to 11 funds next year.
The university reupped with existing real assets and private equity managers within endowment fund in the first half of the year.
The plan is seeking non-discretionary investment consulting services for its more than $500 million alternatives portfolio.
The retirement system will also receive private markets pacing schedules this week.
The university and its investment consultant will review the asset allocation strategy for multiple investment pools in the coming months.
The transaction will more than double Clearlake Capital Group’s assets under management.
The retirement plan hired two managers to fill its maiden 7% target to other real assets in the second quarter.
The plan’s general investment consultant will search for a new active international equity manager in the near future.
The pension plan disclosed commitments totaling roughly $778 million in the third quarter.
The retirement system also placed its international large-cap growth equity manager on watch last month.