Alternatives
As nonprofit investors expect market volatility to continue, with the possibility of an economic recession on the horizon, many are seeking early-stage private equity, private debt, real estate, infrastructure or hedge fund strategies to capitalize on macro trends that include a slowdown in economic growth, rising inflation, emerging technologies and demographic trends.
Mega endowments continue to outpace their smaller peers despite the challenging market environment due in part to greater allocations to diversifying alternative asset classes, according to a recent report.
The university added a private equity commitment and a hedge fund investment with new firms in the second quarter.
The value-add real estate manager has promoted an asset manager to v.p. of asset management to oversee its asset management team and take over responsibility for risk management.
The firm has added a green energy infrastructure investment team to its Asia business and the transaction is expected to be completed next month.
The university also pivoted one of its retirement plans toward fixed-income during the fourth quarter.
The plan expects to choose a private credit consultant following finalist interviews with three firms scheduled for tomorrow.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The changes followed two separate asset/liability studies from general investment consultant
Verus.
The commitments include two first time managers for the plan.