Alternatives
The firm has entered a strategic partnership with a lower middle market private equity firm after making an anchor investment in the firm’s flagship strategy.
The health system anticipates its new general investment consultant, which was hired in the first quarter, will recommend adding new passive investment managers and potentially private investment strategies to its portfolio next year.
The recently disclosed commitments consist of private equity, private credit and private infrastructure funds.
The plan also appears to have reissued its private markets consultant RFP.
The plan also placed its core fixed-income manager on watch in recent months.
The university is seeking an investment manager to take primary accountability for its private investment portfolio, which makes up 40% of its long-term investment portfolio.
The retirement fund also adopted a new long-term strategic asset allocation.
The plan also made a private equity commitment in the second quarter.
The plan will hear presentations from 12 total private credit finalists this month.
The trust fund approved new international equity, private equity co-investment and a private credit secondaries investments during its board meeting last week.