Alternatives
The institution will consider a venture capital commitment to a recently launched investment manager at its board meeting this week.
The firm has hired a co-cio to help lead its investment activities, including investment research, manager sourcing, portfolio construction and risk management
The plan approved a private equity commitment with a new manager at a meeting today.
The pension plan added commitments in real estate, private credit and private equity in recent months.
The plan disclosed four total commitments made last month.
The plan approved two commitments previously approved by its investment committee last month.
The fund approved a strategic new asset allocation that included a maiden target to private credit and increases to its allocations to private equity, bank loans, natural resources, infrastructure and cash at its board meeting last week.
Report finds 40% of U.S. and Canadian institutional investors plan to increase their allocations to private debt, while roughly one-third plan to grow their private equity holdings in the next three years.
The council laid out plans to achieve an interim target by 2035.
The plan also made a direct lending commitment in the fourth quarter.