The plan amended its strategic asset allocation targets and added a new asset class at a meeting today.
The plan approved a $100 million commitment on March 22.
Plan decided against a commitment after the two sides failed to negotiate a contract.
The plan made two private debt hires for pacing purposes this week.
A recent survey finds that endowments and foundations expect to continue increasing their allocations to alternative investments.
The plan will interview two private credit managers next month as part of its annual pacing plan.
The plan is looking to invest up to $30 million with a secondary private equity fund manager.
A California plan has concluded its search for an alternative investments dedicated managed account platform provider.
The plan committed up to $100 million total to two real estate debt funds at its investment committee meeting yesterday.
Upheaval in the markets and our lives due to the COVID-19 pandemic led to a search for investment opportunities by institutional investors – with the credit markets offering a beacon of hope for strong returns during a turbulent time.