Credit/Private Debt
The plan will also receive a private credit portfolio review at today’s board meeting.
The plan also eliminated its 20% covered calls and 2.5% REITs targets.
The university is looking to grow its private credit allocation to 10% of its overall portfolio following the approval of a new asset allocation.
The plan made four follow-on commitments totaling $625 million.
The plan will also receive a recommendation to renew its general investment consultant contract through 2029 this week.
The pension plan expects to commence the contract on Nov. 19.
The university disclosed follow-on credit, infrastructure and real estate commitments made between October and April within its long-term portfolio.
The plan also terminated a bank loan manager at its March board meeting.
The pension plan approved a credit commitment with an existing manager relationship last month.
The plan awarded more than $3 billion to international equity and credit managers.