Alternatives
Plan added three private equity and one real estate commitments in the year’s first two months.
Search is open to funds-of-funds specializing in a diversified opportunistic strategy.
An education system in the South approved a private equity commitment with a new manager and a real estate credit commitment with an existing manager last month following a recommendation from its general investment consultant.
Plan disclosed value-add real estate and private equity commitments in newly released board meeting materials.
Two follow-on private equity commitments approved at today’s board meeting total $30 million.
Plan defines tail hedge solutions as investments with an asymmetric positive return profile during periods of significant market stress.
Plan has issued an RFP for separate account management services to implement a private markets investment program for its OPEB trust.
The commitments include one to a first-time manager for the plan.
The plan approved private equity and credit commitments at today’s independent investment committee meeting.
The plan terminated the sole manager handling its $169 million portfolio.