Alternatives
The plan will look to commit up to $400 million across two venture capital funds later this month.
A university based on the East Coast is looking to add emerging private equity and venture capital managers to its portfolio.
The fund reviewed proposed changes to the target asset allocation for its trust funds portfolio last month, including increases to private equity, public equity and private infrastructure.
The retirement system finalized a pair of new manager relationships last week.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
The plan terminated a $315 million international small-cap equity mandate due to long-term underperformance.
The plan also terminated an international small-cap equity manager for performance reasons.
The pension plan also hired a manager to handle a customized treasury mandate.
The pension plan established a 5% target to the private credit asset class at a meeting this week.
The foundation is seeking an investment consultant to advise its investment portfolio as it also explores increasing its private equity and debt allocations.