Real Assets
The search is part of a 2024 pacing commitment plan.
The plan also placed its core fixed-income manager on watch in recent months.
The university is seeking an investment manager to take primary accountability for its private investment portfolio, which makes up 40% of its long-term investment portfolio.
The retirement fund also adopted a new long-term strategic asset allocation.
The investment fund is seeking large-market private equity buyout and non-core infrastructure strategies.
The commitments include first time investments with three managers.
The plan also added several new equity managers to the program.
The plan is seeking open-ended fund managers to handle $45 million.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The organization pivoted its asset allocation toward domestic large-cap equities as part of revisions and also added a real assets strategy.