Alternatives
The fund will consider redeeming from a real estate manager next week due to continued underperformance as the strategy has been hampered by its concentration in office and retail.
The institution made the bevy of commitments with existing managers within its long-term portfolio between October and January.
The university added domestic small-cap value equity and international value equity investments as well as a private real assets commitment this year, while redeeming from two hedge fund managers.
Firm’s inaugural environmental sustainability fund closes with more than $200 million in committed capital.
The commitments include two new relationships for the plan.
The plan approved new credit, venture capital and real estate commitments as well as several changes to its target asset allocation last week.
Plan made $40 million in private equity commitments this month.
The plan made commitments across private equity, private credit and real estate as part of its annual pacing plan.
The authority, which issued an RFI in February as it looked to establish a cannabis investment fund, has now issued its formal RFP.
Fund will interview three open-end core real estate managers to potentially handle $100 million total and two closed-end core real estate managers to handle $50 million prior to its board meeting at the end of the month.
