Asset Study/Review
The recommended changes include introducing a 5% target to private debt and restructuring the plan’s U.S. fixed-income and both U.S. and non-U.S. equity portfolios.
The foundation is looking to add impact or mission-aligned investments to its portfolio as part of its pledge to make it completely values-aligned over the next five years.
The university will begin divesting its endowment from fossil fuels immediately as it also explores options for clean energy investments.
The manager will handle a new 3% long Treasury target allocation.
The trust fund revised the target asset allocation for its reserve pool at an April meeting, increasing its targets to fixed-income and international equity, following a study on its investment policy and practices.
The university approved a private equity commitment to a new manager within its endowment fund alongside changes to its investment policy.
The plan hired two firms to fill a new allocation to the asset class.
The university is looking to add sustainability investments to its endowment as it is on track to downsize its fossil fuel exposure over the next two decades.
The fund approved divesting its portfolio of direct holdings in companies that boycott energy companies and Israel after a state agency released a list of companies that must be divested from last year.
The university will divest its endowment from investment funds that have direct fossil fuel exposure by 2030 after a student activist group occupied an administrative building for 18 days.