Alternatives
The college is prioritizing making consistent private equity commitments over time so the asset class comprises roughly one-third of its endowment.
The commitments were made for pacing purposes.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The plan added a $60 million commitment to a new manager in May.
The retirement association is considering the two asset classes to replace its commodities portfolio.
The plan’s board will hear presentations from four domestic core fixed-income finalists next week.
The university is looking to hire an associate director of investments with a focus on private equity.
The firm hired a v.p. for private equity research last month from an East Coast foundation where they served as a senior investment analyst.
The foundation added several strategies to its marketable alternatives portfolio during the first half of the year.
The global alternatives manager has signed a definitive agreement to acquire the wealth management, investment banking and asset management firm through its latest private equity buyout fund.