Real Assets
The plan will invest a total of $35 million with two farmland funds.
The plan’s new private markets allocation will consist of one-third private equity, one-third private debt and one-third real estate/real assets.
Plan bolstered its private equity and private infrastructure allocations with commitments to two existing manager relationships.
The plan also made an infrastructure commitment at a board meeting today.
The search will have a focus on the large-cap market segment.
The pension plan is looking for global infrastructure managers to handle approximately $20 million after approving the search in the first quarter.
The plan added $90 million across two commitments in the second quarter.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.
The university increased its targets to public equity and private real assets to reduce portfolio complexity and take advantage of higher interest rates.