Asset Study/Review
The endowment has committed to aligning its $4 billion in assets under management with its mission and values and is developing a new impact framework to guide its investment decisions.
The university will consider approving an impact investment policy statement and investing 0% to 25% of its portfolio in impact investments as part of the policy this week.
The pacing plan and target allocation changes were recommended as part of an annual real estate program review.
The termination results from a new asset allocation.
The fund approved a strategic new asset allocation that included a maiden target to private credit and increases to its allocations to private equity, bank loans, natural resources, infrastructure and cash at its board meeting last week.
The system approved target asset allocation changes to both its endowment and reserve pools at its Feb. 1 investment committee meeting.
The board replaced existing passive domestic equity and hedge fund managers at a meeting last month.
The hire resulted from a new asset allocation change.
The fund will review its investment policy and target asset allocation and may consider recommendations to change the policy at its board meeting.
The university revised the target asset allocation for its endowment last year, pivoting toward absolute return investments as well as public and private equity.