Alternatives
The retirement fund terminated three managers at last month’s investment committee meeting.
The retirement system rehired Meketa Investment Group as its alternatives consultant at its board meeting yesterday.
The institution will consider financing agreements up to a total of more than 10% of the assets under management of two nascent companies created at the institution.
The Latina-led venture capital firm recently closed its latest fund after garnering several commitments from foundations, two endowments and a religious institution’s investment team.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The plan also received a private markets pacing plan in January.
The pension plan will be looking to fill a new 4% target to the sub-asset class.
The plan made two commitments in the asset class since its last board meeting.
The institution is looking for a program and associated vendor to deliver technical training, peer-based learning and enhanced networking for its portfolio designed support early-stage startups in emerging markets.
The university swapped domestic equity managers within its endowment and liquidity pool while also adding real assets and diversifying strategy investments at a recent investment committee meeting.