Alternatives
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.
The commitments to three firms represent new relationships.
The plan’s private markets committee will recommend the commitment at a board meeting later this month.
The fund approved recommendations to add new multi-strategy hedge fund managers as well as introduce long/short active management in the international equity portfolio last month.
The college is fine-tuning its hedge fund and private equity portfolios in the near term as it makes progress on its long-term goal to divest from fossil fuel investments.
The university authorized its board chair to execute or decline a private equity commitment within its endowment in the third quarter.
The pension added a new investment and co-investment in real estate and two additional commitments to existing secondaries and venture capital managers in October.
The fund anticipates hearing recommendations to add new multi-strategy hedge fund managers as well as introduce long-short active management in the international equity portfolio at its board meeting today.