Alternatives
The plan is swapping domestic small- to mid-cap value equity managers this month and will have further discussions on direct lending at its February board meeting.
An education system in the South approved commitments to a new hedge fund manager and an existing real estate firm within its endowment at its December board meeting.
The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.
The plan will receive a recommendation from its general investment consultant that will determine the fate of its bank loan manager.
Plan committed a total of $80 million between two direct lending commitments in December.
A Midwestern plan approved a private equity commitment at its investment committee last week.
The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.
The plan committed $116 million to a longtime private equity fund-of-funds partner.
The plan will conduct a detailed review of its emerging markets equity portfolio that will include small-cap candidates next month.
The plan’s full board approved new commitments to existing private markets managers at its meeting last week.