Alternatives
The foundation added public equity and real assets managers to its approximately $1.1 billion investment portfolio over the course of the last fiscal year.
The plan issued an RFP seeking one or more private markets consultants.
The recommended core bond hire represents “one of the final steps in realizing the restructuring of KCERA’s overall fixed income portfolio” from 2023.
The largest university and college endowments experienced double-digit gains in two consecutive years drive by a return to long-term trends like large private equity allocations.
The university also liquidated fixed-income and equity strategies to fund endowment spending and university advancement payouts.
The university has increased its allocation to a Bitcoin fund in recent months.
The fund is considering committing to a private equity buyout fund and a co-investment with an existing investment manager within its portfolio.
The state’s division of investment is seeking heads of private equity, real assets and real estate.
The pension plan approved $435 million in alternatives commitments at its board meeting last week.
The investment board has also made up to $1.4 billion in new commitments.