Commodities
The plan hired a firm to handle its maiden commodities allocation and committed to an existing private equity manager yesterday.
The plan hired two firms to fill a new allocation to the asset class.
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 manager has trailed its benchmark for two consecutive quarters.
The plan’s incumbent manager will see its contract expire this year.
The plan expects to conclude the search process in the third quarter.
The university foundation added several strategies spanning private equity, domestic equity, commodities and high-yield and investment grade fixed-income within its endowment last year.
Plan added alternatives commitments in September, August and July.
Plan added $250 million in new commitments across the second quarter.
The plan will commit up to $3.9 billion to private equity, private credit and real assets.