Real Estate
The plan also disclosed private equity, real estate and strategic investments from the third quarter.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The system approved the commitment with an existing manager to continue to diversify the portfolio and realign to its asset allocation targets.
The plan will consider committing to an existing opportunistic real estate manager at today’s board meeting.
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The plan disclosed an additional investment and two terminations at Friday’s meeting and recently saw the departure of its deputy cio.
The plan is looking to fill a 5% target to liquid real assets within its OPEB portfolio approved over the summer.
The plan will issue an RFP for non-discretionary and discretionary services in January.
The university added real estate and venture capital commitments as it continues deliberations concerning fossil fuel divestment.