The plan has begun its high-yield fixed-income manager search
The university based in the Midwest is looking at real estate, private equity and venture capital investments.
The three firms will evenly split a $255 million mandate.
The plan will issue five RFPs this year, beginning with high-yield fixed-income this week.
A Northwestern fund made commitments totaling $950 million.
The plan concluded its emerging private equity fund-of-funds manager search and made commitments totaling $925 million in closed session at last week’s board meeting.
The plan made a value-add real estate commitment with an existing manager this month.
He will focus on acquisitions, capital formation and portfolio strategy.
The plan disclosed recent commitments with four existing managers and one new manager at its board meeting today.
She previously served as a senior managing director in the office of the ceo.