Alternatives
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.
The rebrand marks the completion of Performance Equity Management’s integration into Sagard’s global middle market private equity platform.
The plan will target $750 million with up to 11 funds next year.
Th state treasurer’s office is searching for a manager of alternative investments to help oversee an impact investment vehicle and an infrastructure fund.
