Alternatives
The selection will conclude a core-plus fixed-income search for a replacement manager.
The plan terminated one of its risk premia managers and used the assets for general rebalancing.
The sustainability-focused firm has launched global and European infrastructure credit platforms targeting global investments in energy, transportation, social, digital and other sustainable infrastructure.
The fund approved a new asset allocation for its portfolio as well as a private equity commitment to an existing manager relationship at its special board meeting last month.
The plan hired three managers that will evenly split $100 million.
The plan added $500 million across three new alternatives commitments in the fourth quarter.
The plan is seeking buyout, secondaries and open-end core infrastructure funds.
The plan made the commitment alongside approving a 3% target to the asset class at today’s board meeting.
The plan will look for a replacement global growth equity manager after terminating its incumbent this week.
The hospital is seeking an investment associate to manage its private real assets and private equity investments with a focus on venture capital.