Alternatives

Plan added a $20 million re-up commitment at this month’s board meeting.

Plan disclosed new private equity and real estate commitments at its meeting last week.

The strategy is firm’s first fund created specifically to serve the foundation and endowment investors.

The fund approved fully redeeming from a real estate manager this week due to continued underperformance as its strategy has been affected by its concentration in office and retail properties.

The system recently added a long/short hedge fund investment with a new manager and two venture capital commitments with an existing manager in its endowment.

Plan approved four fund commitments totaling more than $360 million today.