Alternatives
The plan also disclosed $30 million in second quarter alternatives commitments at this week’s board meeting.
The university approved forming a new for-profit company in partnership with a private equity firm to help support its athletics department.
The fund is considering private equity and infrastructure commitments within its portfolio in December and January.
The plan also approved a recommendation to exit its midstream energy allocation.
The pension plan disclosed more than $500 million in private markets commitments made in recent months.
The retirement system also added two private credit commitments in the third quarter.
Heavy concerns about market volatility and political risks have led endowments and foundations to increase their allocations to private markets programs and diversify their portfolios in response, a new study finds.
The foundation added public equity and real assets managers to its approximately $1.1 billion investment portfolio over the course of the last fiscal year.
The plan issued an RFP seeking one or more private markets consultants.
The recommended core bond hire represents “one of the final steps in realizing the restructuring of KCERA’s overall fixed income portfolio” from 2023.