Alternatives
New allocation is contingent on full board approval after receiving approval from the investment committee this week.
Plan expects to add private equity commitments totaling $60 million following investment committee approval earlier this week.
The firm added a managing director in Chicago for its real estate team.
The commitments include two new relationships for the council.
The plan is considering follow-on commitments to eight existing managers.
The plan disclosed $183.5 million in recent private equity, private credit and real assets commitments this week.
The plan will receive the real estate recommendation at its board meeting next week and the private equity recommendation in late March.
The plan approved follow-on private equity commitments at a meeting today.
The firm has opened a new office in Shanghai to emphasize its commitment to the Asia Pacific region and now has six locations in the region.
The investment advisor has hired three analysts for its alternatives-focused consulting business that serves endowments and foundations.