Searches And Hires
The fund will consider approving venture capital commitments to two new investment managers this month as part of its private equity pacing plan.
The venture capital manager recently closed its first climate tech fund-of-funds at its hard cap with commitments from large endowments and foundations.
The system will consider four high-yield fixed-income managers for possible inclusion within its portfolio after launching a search in the fourth quarter due to the termination of the incumbent due to personnel turnover and poor performance.
The university hired a new global equity manager and added a commitment to an existing real estate manager relationship within its endowment last week.
The institution has issued an RFP seeking a firm to develop and implement an investment strategy for managing its portfolio.
The commitments include five new relationships for the plan.
The retirement plan expects to decide between two firms at a meeting next month.
The plan has worked with its existing consultant since 2011.
The retirement plan currently has four global equity managers.
Global equity would be a new asset class for the plan.