Alternatives
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.
HBCUs can benefit from access to best-in-class liquidity management tools, a higher risk tolerance to optimize their long-term returns and additional opportunities to engage with managers, according to the study.
The system will consider making a growth private equity commitment at its Feb. 1 board meeting this month.
The system is searching for a director to help oversee and manage its portfolio with a focus on private equity.
The fund approved private equity and private credit commitments with existing managers as recommended by its general investment consultant last week, with more recommendations expected in the coming months.