Alternatives
The plan also terminated eight managers as part of a public equity implementation.
An investment manager has hired a former leader at Goldman Sachs Asset Management to serve as its new global head of alternatives.
The seed-stage venture manager recently closed its third core fund with commitments from a limited partner base that includes nonprofits, outsourced cios and investment managers.
A foundation based in the Mid-Atlantic region is looking to add a manager to help oversee its private market portfolios.
The college is prioritizing making consistent private equity commitments over time so the asset class comprises roughly one-third of its endowment.
The commitments were made for pacing purposes.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The plan added a $60 million commitment to a new manager in May.
The retirement association is considering the two asset classes to replace its commodities portfolio.
The plan’s board will hear presentations from four domestic core fixed-income finalists next week.