Alternatives
The retirement association will also consider rehiring its general investment consultant this week.
The retirement system finalized a new commitment in the firm’s 11th fund in the series.
The retirement system made $60 million in total commitments at a board meeting this week.
The retirement system closed on more than $500 million in commitments last month.
The institution recently announced three inaugural investments from its early-stage venture fund that invests in startup tech companies founded by university-affiliated faculty members and researchers.
The fund added multi-asset credit and international equity investments alongside an infrastructure and real estate fund-of-one vehicle within its portfolio at a recent board meeting.
The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The plan is replacing the consultant following a review at last week’s board meeting.
The retirement system added $860 million across three new commitments in May.
The retirement association disclosed $60 million in private markets commitments following closed session deliberations.
