Asset Study/Review
The university revised the target asset allocation for its endowment last year, pivoting toward absolute return investments as well as public and private equity.
The foundation approved a new investment policy statement and revised its target asset allocation, including maiden short-duration fixed-income and cash targets last week.
The plan considered the termination as well as a restructure of its international small-cap portfolio in December.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
Two of the searches stem from a revised asset allocation adopted last month.
The university revised its retirement plan’s asset allocation in the fourth quarter, increasing its public fixed-income target.
The fund has received an $100 million unrestricted grant to support its capital campaign and will deploy it by building a pooled endowment fund that will increase member institutions endowments by $10 million each.
The structure review calls for the plan to make $1.5 billion in real assets commitments this year.
The university revised the asset allocation for its endowment last year, increasing its allocation to private market investments at the expense of marketable alternatives.
The college savings plan approved asset allocation changes to its actively managed and passively managed enrollment year investment portfolios at its board meeting last month in response to significant structural shifts seen in the market over a short period.