Alternatives
The commitments were made with five existing managers.
The system approved private equity and real assets commitments with existing investment managers within its endowment at its board meeting last month.
The retirement plan committed $20 million to a fund after narrowing a search from a group of 20 RFP responses.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.
The commitments include a first time relationship for the plan.
The retirement system added a value-add real estate commitment in February that marks the third in a row with the manager.
Despite macroeconomic headwinds, a new survey finds institutional investors remain optimistic in 2024 and are bullish on private equity and private credit.
The college made two buyout private equity commitments with new and existing managers within its endowment last year.
The retirement fund had been expected to post the RFP today.
The university approved recommendations to commit to climate solutions and venture capital strategies within its endowment at its March board meeting.
