The plan will look to reduce its allocation to mega core properties and take advantage of opportunistic strategies.
Plan hired its first active investment manager as it targets the commencement of its consolidation efforts for the fourth quarter.
A university in the West revised the investment policy for its endowment in the first quarter, eliminating its alternative investment allocation range and authorizing direct investment in real estate.
The $5.2 billion transaction is expected to close by the end of the year or early next year.
The plan will issue its general investment consultant RFP next year after initially expecting to conduct the search this year.
The plan disclosed various second quarter commitments in private markets totaling $300 million.
The plan is seeking a non-discretionary supplemental real estate consultant firm.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.
She will be responsible for the strategic direction and business execution of real estate equity assets across all U.S. mandates.
They will assist with mortage whole loan trading, mortage servicing rights and capital markets transactions.