Alternatives
The plan hired a domestic small- to mid-cap core equity manager from a search that began in September.
Plan added $39 million in non-core real estate commitments at this week’s board meeting.
A college in the South committed to a buyout fund focused on high-growth technology companies globally with an existing private equity manager last year.
The plan hired Aksia following a discretionary private credit advisor RFI and amended its annual pacing plan with discretionary private equity advisor Hamilton Lane.
The plan approved new private credit, private equity and real estate commitments at its board meeting yesterday.
The plan approved private equity and real estate commitments as part of its 2022 pacing plan.
The reliance on alternative investments led investors and allocators to pinpoint small, niche private equity managers, short-trading hedge funds and global private debt funds as key areas to capitalize on with the goal of yielding outsized returns.
Plan terminated a domestic small- to mid-cap equity firm and redistributed assets to its existing managers.
A Virginia-based pension plan added commitments with new and existing managers in September and made several changes to its fund lineup over the past fiscal year.
The search is due to the contract expirations of its two incumbents that currently manage over $900 million.