Alternatives
The fund approved a private equity fund-of-one commitment with a firm that was a semifinalist in its original search to build out its private equity allocation with a fund-of-one commitment in 2020.
The university added an international equity strategy with an existing manager and a hedge fund credit strategy with a new manager in the first quarter.
The plan will add new firms to its hedge fund portfolio over the next 18 months as it looks to adopt the second version of its strategic partnership program.
The plan hired a new general investment consultant and consolidated its private markets consulting services with another firm following a similar search in 2021.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The plan added two private markets commitments last month.
The plan made two private markets commitments following closed session deliberations.
The plan approved the RFPs last week for best practices and due to the evolution of its portfolio through the addition of private markets.
The retirement fund added $249 million in new commitment at last week’s board meeting.
The search is open to primary and secondary options.
