Searches And Hires
The plan approved a strategic real estate plan that calls for dropping its core portfolio to 5 managers from 11 over time.
The search is open to core and value-add real estate strategies.
The commitments were recommended in closed session of yesterday’s board meeting.
The plan’s private equity committee received two investment recommendations earlier this month and approved two commitments in February.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.
The maiden asset class was added as part of a new asset allocation approved last year.
The university disclosed follow-on commitments to existing credit, venture capital and private equity manager relationships made between September 2022 and January.
The plan made a $5 million commitment at its board meeting this week.
The plan hired four credit managers to handle a total of $31 million at its February board meeting.
The plan hired two international equity managers to handle up to $700 million total last week following a search from 2022.
