Alternatives
The system increased its investment with an existing long/short hedge fund manager and added two private equity commitments with existing managers earlier this month.
The plan committed $25 million to a new non-core real estate manager and approved a fiscal 2023 private markets pacing plan this month.
Plan will look to increase a direct lending fund-of-one commitment to $500 million from $300 million this week.
The plan recently made commitments with nine existing managers and one new manager.
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.
The plan authorized staff to issue the RFP in November and committed to an existing buyout manager at yesterday’s board meeting.
The plan will issue an investment consultant RFP in the coming months due to upcoming contract expirations and recently made two private equity commitments.
The plan committed $11 million across four private equity managers as part of the implementation of the asset class.
A university based in New England is contemplating a new dedicated private equity allocation within one of its investment pools.
The university is considering adding a portable alpha allocation within one of its investment pools to diversify return exposures.