Alternatives
The plan committed $80 million across four funds to complete a recent search in the private equity space.
The plan is considering commitments to four private equity funds and one credit strategy.
Plan committed up to $17.5 million across two first-time funds last month.
A total of three funds were hired as part of a private credit pacing plan.
A new study finds that endowments and foundations’ investment expectations are muted given an uncertain market environment, while they anticipate alternatives having an increased role in portfolios.
Retirement fund made real estate debt and private equity commitments at the end of the third quarter.
The commitments include private credit, infrastructure, farmland and real estate.
The plan replaced a commodities manager and added a global real estate manager to its watch list in the third quarter.
The global asset manager raised nearly $3 billion from institutional investors for its second private equity fund focused on impact investments.
The fund extended the watch list status for one of its domestic equity managers during its August board meeting despite improved performance over the last three quarters.
