Alternatives
A Mid-Atlantic pension plan approved a 2021 private markets pacing plan at today’s board meeting.
The plan committed to a lower middle market buyout fund this month.
A California plan approved private equity and real estate commitments with existing managers at yesterday’s board meeting.
Plan will issue an RFP seeking minority-, women- and disabled-owned private equity managers for a $20 million allocation later this year.
Launch marks the second to result from a co-investment platform initiated in 2018.
A Texas guns and hoses plan expects to review a value-add real estate search in the coming months.
A university in the Midwest updated the target asset allocation for the model portfolio for its long-term portfolio in 2020, increasing its target to private equity.
The plan disclosed the terminations and commitments, which were previously approved in closed session.
Private equity funds were top of the list for investors’s planned allocations.
Alternatives will play an even more critical role in helping nonprofits reach spending plus inflation targets in 2021 as they seek income and downside protection that low-yielding bonds markets and equity markets cannot.
