Alternatives
The university also pivoted one of its retirement plans toward fixed-income during the fourth quarter.
The plan expects to choose a private credit consultant following finalist interviews with three firms scheduled for tomorrow.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The changes followed two separate asset/liability studies from general investment consultant
Verus.
The commitments include two first time managers for the plan.
The director has left the institution to join an alternatives firm as a managing director focused on investments across non-corporate debt and real assets.
Commonfund will rename its two core businesses effective Feb. 1 to enhance clarity while supporting continued growth.
The fund approved maiden infrastructure fund commitments in the fourth quarter as the strategies provide good yields with stable growth, strong protections against inflation and a low correlation with other asset classes.
The plan concluded its domestic small- to mid-cap equity manager search and made private markets commitments last week.
Plan added $90 million in total commitments across two funds with an existing manager last week.