Alternatives
The New York-based firm closed its second flexible capital fund above its fundraising target with more than $275 million in commitments.
The church pension hired a new core fixed-income manager in addition to investments and co-investments in private equity and real estate in June.
Plan finalized a $40 million private equity commitment late last week.
The pension plan is seeking a firm to handle a mandate ranging between $400 million and $1 billion.
The credit firm recently closed its inaugural fund, which provides capital for small business owner-operators, above its target fundraise.
The fund will hold a first reading of proposed changes to its investment policy statement and strategic asset allocation, including increased allocations to fixed-income and hedge funds, at its June 29 board meeting.
The plan committed to new funds by exiting managers at a meeting last week.
Plan will hear presentations from four general investment consultant firms at its meeting next month.
The university added three private equity managers and redeemed from two hedge fund managers in the first half of 2023 in accordance with a new investment policy approved in late 2022.
The plan will hear a geographically diverse private debt strategy next month.