Alternatives

A trust fund in the South approved a new target asset allocation that increased its exposure to growth assets including equity and real estate at its June board meeting.

Plan hired a new general investment consultant and consolidated its alternatives consultant relationships with a single firm as the result of a search conducted in the first half of the year.

Plan will recommend a single firm for hire next month following semifinalist interviews scheduled for this week.

The plan is looking to commit to up to three private equity funds.

The plan made three more commitments for its 2021 pacing schedule.

The plan approved two private equity commitments at a meeting yesterday.