Searches And Hires
The plan is set to commit $20 million annual over the next five years.
The university is seeking firms to provide discretionary investment management services for its endowment and will give preference to firms that can provide an African American as lead manager.
The plan is set to commit up to $850 million to private equity next year.
Plan is looking for a firm to fill out its unfunded 5% target to private debt.
The selected manager will handle proceeds from an upcoming bond sale.
The plan last conducted a similar search in 2014, which resulted in the hire of its two incumbents.
The plan will issue the RFP after making its first investment in the asset class.
The plan will issue a general investment consultant RFP due to an upcoming contract expiration and conduct an asset allocation study to consider eliminating its risk parity asset allocation.
The plan will begin with a mid-cap growth equity manager search in January.
The strategy will be new for the trust fund, which is looking to fill a $3.4 million mandate.