Alternatives
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
The university added private equity commitments with new and existing managers within its long-term pool in between its March and April board meetings.
The pension plan considered establishing a 5% target to either private equity or private credit last month.
The fund is removing a bond overlay as market monitor signals have moved to short from neutral and is also increasing two infrastructure commitments within its portfolio.
The firm added a principal to its investment team to focus on evaluating, executing and managing investments across the industrials sectors.
The retirement plan also added a private equity commitment at last week’s board meeting.
Ampersand 2026 Limited Partnership closes with $1.5 billion in commitments.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.
The retirement plan approved a private equity search to review the market for complementary funds to its existing lineup.
The retirement fund will interview four funds in its private debt manager search tomorrow.
