Alternatives
Investors are planning to increase their allocations to private markets to capture higher returns with the help of external partners like outsourced cios.
The fund added a real estate commitment with an existing manager at a special board meeting this summer after adding three open-end real estate funds in May.
The fund approved an infrastructure commitment with an existing manager at its board meeting last week.
The individual left their role as a senior investment analyst to join the investment consultant as an associate on its private markets team last month.
The fund made a venture capital commitment to a new manager as it is to find improved valuations in the venture space.
The plan will commit up to $3.4 billion to the two asset classes.
The plan will issue RFPs following adoption of a new asset allocation in June.
Plan added $145.4 million in alternatives commitments through the first half of the year.
The plan added a follow-on direct lending commitment in June.
Survey finds that outsourced cio support can be crucial in helping institutions achieve their ESG goals.