Alternatives
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.
The plan was notified of four commitments in closed session at yesterday’s board of investments meeting.
The plan will also target more $720 million to alternative funds in 2023.
The plan is searching for a private credit/debt consultant and will lose a team member of 30 years and head of its fixed-income and global income strategies since 2000 to retirement.