Alternatives
The firms have entered a strategic investment partnership that will provide access to direct private lower middle market investment opportunities.
The retirement system disclosed roughly $70 million in committed capital across three funds.
The plan committed to two firms after interviews held in closed session.
The firm entered into a partnership with an alternative investment manager and consulting firm, which will become investment advisor for its covered call and equity strategy.
The plan also hired an international small-cap equity manager after finalist interviews.
The pension plan hired a private debt manager and a private equity fund-of-funds manager to each handle 2% allocations in February.
The search follows the termination of its active manager last month.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The university has incorporated an investment policy prohibiting proxy votes based on ESG-like considerations and slightly adjusted a hedge fund portfolio after completing an asset allocation study.
The firm has added the former executive v.p. and head of North America of a large asset manager as a senior advisor.