Alternatives
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The plan also received a private markets pacing plan in January.
The pension plan will be looking to fill a new 4% target to the sub-asset class.
The plan made two commitments in the asset class since its last board meeting.
The institution is looking for a program and associated vendor to deliver technical training, peer-based learning and enhanced networking for its portfolio designed support early-stage startups in emerging markets.
The university swapped domestic equity managers within its endowment and liquidity pool while also adding real assets and diversifying strategy investments at a recent investment committee meeting.
The university is looking to add private equity commitments to its portfolio on the heels of maiden commitments to the asset class in the fourth quarter.
The retirement system added $160 million in new private equity and hedge fund allocations in recent months.
Institutional investors increasingly sought comfort and partnerships with investment consultants that provide expertise on alternative and private markets asset classes as 2024 came to a close.
The plan’s private markets portfolio accounts for more than half of its total assets.