Asset Study/Review
The plan will discuss adding a 3% private debt target at its board meeting on Friday.
Plan’s new 4% target to private equity will help increase its expected return.
The university added several venture capital strategies and a buyout private equity fund to its endowment in the first quarter.
College savings plan will exclusively invest in fixed-income and cash after eliminating its equity exposure late last month.
A state trust updated the target asset allocation for one of its portfolios, increasing its targets toward domestic and international equities.
Consideration of private equity comes as part of an asset allocation study expected for review this week.
The restructuring will next eliminate three more managers next month.
The institution increased its allocation to venture capital and domestic equity allocations last week through target reductions to diversifying investments, international developed equity and emerging markets equity.
The university is conducting a further review of 18 diverse firms after meeting with 100 managers across public and private asset classes in the first half of 2022 as it looks to invest at least $2 billion with diverse investment firms.
Plan approved a new asset allocation policy that addresses the current marketplace.
