Searches And Hires
The plan committed $134.4 million total to three investment managers last week.
The plan made private markets commitments totaling $15.8 million and appointed an executive director/cio last month.
The foundation is searching for an investment manager to invest its portfolio and develop strategies that align with liquidity, risk and income criteria.
The system approved a private equity commitment to an existing manager within its endowment last month.
The university extended the deadline for proposals in its search for firms to provide investment advisory and management services for its three-tiered operating funds portfolio after launching the search at the beginning of the month.
The university approved a private equity commitment to a new manager within its endowment fund alongside changes to its investment policy.
The university has issued an RFP seeking an investment consultant to assist in determining investment options for its operating funds.
The plan rehired its incumbent consultant after a fee reduction.
Plan staff will interview five firms in its search for non-discretionary private markets consultants before returning with finalists.
The plan’s hedge fund committee considered a $175 million commitment last week.