Alternatives
The plan’s hedge fund committee approved an investment last week that will occur in either the fourth quarter or first quarter.
Plan is seeking a firm to provide non-discretionary private credit investment management services for its new 2% target to the asset class.
Plan added a hedge fund commitment to an emerging manager in addition to a pair of private equity commitments.
The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.
Plan will review non-core real estate and private equity search reports provided by general investment consultant AndCo Consulting next month.
The hire concludes a search launched in April to fill a maiden allocation.
The strategy is the largest private fund formed to decarbonize the real estate industry.
The fund will further discuss a potential oil hedging program at a future meeting after receiving an education on the intricacies of oil hedging from an investment manager at this week’s board meeting.
The university is looking to add private equity strategies to its endowment after recently increasing its target allocation to the asset class by 5%.
The plan initiated a search for a private equity emerging manager to fill a commitment capped at $10 million and completed a core real estate search this week.