Alternatives
Institution’s newly approved endowment asset allocation increases its target to private equity at the expense of hedge funds.
Plan added a $15 million private equity commitment at last week’s board meeting.
Plan will interview three finalists in a search to fill a $20 million allocation next month.
Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.
Plan hired a new fixed-income manager to handle an initial $350 million mandate and disclosed six other commitments last month.
The plan will interview three co-investment finalists next month for an up to $10 million mandate.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
He will spearhead efforts to design and deliver products and solutions for alternatives.
The university’s senior alternative assets manager retired in April after more than 14 years in the role.
Plan staff is seeking board approval of direct lending and core-plus real estate commitments this week.