Alternatives
The fund is looking to build out its alternatives allocations to align its portfolio with a new strategic asset allocation approved in June.
The real assets sustainability consultant’s new office will seek to tap demand for ESG consulting in North America.
The plan added two private equity fund-of-funds and real estate commitments totaling $35 million.
The plan added follow-on real estate and real assets commitments at today’s board meeting.
The university approved private credit, real estate and private equity buyout commitments with new managers in the second quarter.
The policy will allow staff to take advantage of time-sensitive investment opportunities.
The plan made commitments with two existing managers’ latest funds.
The plan will interview two private equity managers and an infrastructure manager at its November board meeting.
The plan increased its total private markets target as the portfolio is currently overweight to private equity and private real assets and recently placed an MSCI EAFE Index fund manager on watch due to underperformance.
The institution has drafted a private equity co-investment policy framework alongside its general investment consultant that will be presented at a future meeting.