Alternatives
The commitments include two new manager relationships.
The plan approved a pair of commitments at today’s board meeting.
The plan made private markets commitments totaling $15.8 million and appointed an executive director/cio last month.
The system approved a private equity commitment to an existing manager within its endowment last month.
The university approved a private equity commitment to a new manager within its endowment fund alongside changes to its investment policy.
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.
The termination follows a completed asset/liability study.
The plan committed to three funds run by new manager relationships.
The plan agreed to assign its alternatives consultant contract to its current general investment consultant last week.
