Alternatives
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
A university based in the Mid-Atlantic region is potentially increasing its allocation to the alternative asset class.
A foundation based in the Mid-Atlantic region has added a new impact commitment to a venture firm focused on diverse-led manufacturing companies.
The adoption of AI technologies across the economy may yield 1-3% more annual economic growth across the U.S., requiring a significant growth in demand for energy utilities and infrastructure that bodes well for nonprofit investors with allocations to the asset class.
Hedge funds overall may not have the panache today that they held in the early aughts but institutions continue to find these strategies to be beneficial in providing portfolios with the best risk-adjusted returns in today’s market and the future.
The plan added commitments in the private equity, credit and real estate asset classes.
The plan disclosed new private commitments made in recent months.
The retirement system will also launch a search for private credit managers next year.
The plan added a follow-on commitment to a healthcare-focused private equity firm this week.
The university approved private equity and real assets commitments within its endowment fund at its November investment committee meeting.