Real Estate
The fund is looking for multi-family real estate specialist managers as it looks to transition some of its portfolio’s overweight industrial exposure to multi-family real estate.
The plan added a follow-on private real estate commitment earlier this quarter.
The plan also approved two real assets commitments along with a 2023 pacing plan at last week’s meeting.
The plan eliminated its $1.4 billion internally managed global REIT allocation to meet the objective of its real assets portfolio.
The board of trustees will consider the placing plans at its Dec. 20 meeting.
The plan was notified of two credit commitments and a core real estate manager termination at yesterday’s board meeting.
Private assets, ESG and Chinese equity will help endowments and foundations garner strong returns over the long term without missing opportunities in the short term, according to a new report.
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
Plan will review proposed 2023 pacing plans for four portfolios at Thursday’s board meeting.
The plan retained two managers based on the recommendation of its general investment consultant.