Asset Study/Review
The foundation has transitioned its endowment to mission-related investments that promote environmental sustainability.
The policy will allow staff to take advantage of time-sensitive investment opportunities.
The plan increased its total private markets target as the portfolio is currently overweight to private equity and private real assets and recently placed an MSCI EAFE Index fund manager on watch due to underperformance.
The institution has drafted a private equity co-investment policy framework alongside its general investment consultant that will be presented at a future meeting.
The plan hired an existing manager to temporarily handle a roughly $70 million allocation and announced the promotion of an investment officer at a meeting yesterday.
The state is now required to only consider pecuniary factors that exert a material effect on the financial risk or the financial when making investment decisions.
A university based in New England is contemplating a new dedicated private equity allocation within one of its investment pools.
The university is looking to divest direct and indirect fossil fuel investments and reinvest in clean energy solutions.
The university is considering adding a portable alpha allocation within one of its investment pools to diversify return exposures.
The plan committed $12 million total to its new private equity and private credit asset classes.