Alternatives
The university disclosed follow-on commitments with two private equity managers made in the third quarter within its long-term portfolio.
He will help plan and execute future endeavors for the firm’s alternatives subsidiary.
The plan expects to issue RFPs for two investment consultants in November.
Plan will begin addressing high-level considerations and formulating plans to begin redeploying assets in private markets investments after halting new commitments since 2016.
The plan terminated an underperforming international equity manager and made a venture capital commitment last month.
The V.P. will focus on fundraising and investor relations, while the analysts are responsible for investment underwriting and portfolio management.
The plan added commitments to a credit fund and a private equity fund this summer.
The state treasurer’s office will consider adding two private debt strategies to its trust portfolio after approving new targets to private credit last year.
The consulting firm is seeking long volatility and tail risk hedging managers on behalf of a $6 billion OPEB trust client.
The plan made the hire at a board meeting this week after reissuing an RFP for the second time this summer.