Real Assets
Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.
Plan approved four new alternatives commitments and has begun a search for an investment analyst.
Plan’s incumbent tangible assets consultants were the only respondents to an RFQQ issued in February.
The university has added two commitments as part of its initiative to invest 5% of its portfolio in impact investments, while reducing the carbon footprint of its portfolio over the last two years.
The Western state senator has introduced a bill to create a nonprofit and endowment to support economic development and diversification in communities across the state that have historically relied on fossil fuels.
The plan committed $700 million to two alternative managers.
Plan selected two finalists in its emerging markets small-cap equity search and added a real assets commitment for pacing purposes today.
The transaction is expected to close by the end of the year.
Plan will discuss potentially implementing a dedicated allocation to Pan-Asian assets over the next year.