Alternatives
The plan approved committing $90 million across three private debt managers.
The fund added two private debt strategies to its portfolio as it has looked to increase allocations to private markets following approval of a revised target allocation last year.
While diversity, equity and inclusion investments garner attention from the broader industry, U.S. venture capital firms have dedicated less than 2% of their assets to DEI investments, a new study finds.
The plan will receive a private equity pacing model in February.
The plan approved eliminating its global asset allocation target at a meeting today.
The plan recently committed to four private markets managers.
The plan is set to receive pacing plans for private equity, real assets and credit this week.
Plan added an up to $50 million commitment to an existing manager relationship.
The plan hired two firms to provide alternative asset consulting at its board meeting last week.
The search is due to the incumbents’ upcoming June 30 contract expirations.
