The plan will relaunch an emerging markets equity search tomorrow and begin a domestic core fixed-income search next month.
The plan approved private equity and private credit commitments at its investment committee/board meeting today.
A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
Plan added two liquid alternatives investments following a search presentation from its consultant.
Plan added a $15 million senior direct lending commitment and tabled an intermediate duration fixed-income search presentation to next month.
The plan made first-time investments with two funds for pacing purposes.
Real estate and infrastructure commitments followed closed session deliberations.
Plan approved an opportunistic commitment to an existing manager pending a review by its investment consultant.
Investors’ 2020 search activity remained on par with previous years despite the COVID-19 pandemic and there continues to be increased activity for private investment strategies, according to a recent webinar from an investment consultant.
Fund selected firms to implement emerging manager programs in private equity and private real estate last week.