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The organization revised its target asset allocation last week, boosting its target to fixed-income at the expense of REITs, which is expected to result in the liquidation of an exchange traded fund.
The plan also made an infrastructure commitment at a board meeting today.
The plan approved a new real estate manager structure that factored in the implementation of a recent manager hire and adopted a new asset allocation last month.
The fund is co-managed by Executive Managing Member and CIO Tony Yoseloff and Managing Member of Global Credit Conor Bastable.
The plan is looking to make two to three commitments in the growth equity and buyout spaces by the end of the year.
Fund closes with over $1 billion of equity commitments.
The firm has hired its next ceo to guide and lead its strategy as its previous head will transition to the newly created role of chair.
The plan’s investment committee voted today to rehire its incumbent real estate investment consultant.
The plan committed to private equity and private debt for pacing purposes.
The search is due to the upcoming contract expiration of its incumbent, which saw its contract extended by a year to allow for the search.