The plan approved a new 3% target to infrastructure following an education from its general investment consultant.
The plan replaced the cash overlay provider for its Commingled Trust Fund and approved two private equity commitments yesterday.
Plan added infrastructure and private equity buyout commitments at today’s meeting.
The plan will look to identify potential diversification opportunities outside core real estate to increase its expected return.
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.