Real Assets
The plan added a private equity commitment with an existing manager and two real assets commitments with a new manager last week.
Three new investments were added to the foundation’s endowment as part of its gender and racial equity lens initiative to invest 25% of its portfolio with firms majority-owned by women and/or people of color.
The plan approved an infrastructure commitment with an existing manager last week.
The plan hired a core infrastructure manager to move closer to its 3% infrastructure and natural resources target.
The trust fund will consider active management for U.S. small-cap and international developed markets equities.
Plan made private equity and real estate commitments totaling approximately $250 million at this week’s meeting.
Plan will hear presentations on at least two finalists in its general investment consultant search in May.
Plan has issued an RFP for separate account management services to implement a private markets investment program for its OPEB trust.
He will oversee the investment team that covers all real estate and real asset strategies.
The plan is searching for a co-investment manager for its private markets portfolio.