Real Estate
The system will introduce a target to rebalancing leverage as part of a new long-term asset allocation policy for its defined benefit plans and hired a record keeper on behalf of its eight defined contribution plans yesterday.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
The university has invested a portion of its endowment in the real estate partnership that owns the art deco-style skyscraper and two adjacent surface parking lots and parking structure to take a majority ownership stake.
The plan is looking to commit more than $900 million to private markets.
The plan agreed to extend a relationship with RVK that dates to 2006.
The plan made commitments with two existing managers’ latest funds.
The plan will receive private equity and real estate commitment recommendations at tomorrow’s meeting.
An education system based in a Southern state has approved new investments to hedge fund, credit and real estate strategies.
The three new commitments will total up to $130 million following approval from the full board later this month.
The plan liquidated its inhouse passive global equity mandate and made $1.6 billion in total commitments in April.