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The state pension plan also committed up to $400 million across two venture capital funds at its meeting today.
Anwiti Bahuguna has been named global co-cio of Northern Trust Asset Management.
The pension plan approved asset allocation changes within its domestic equity, real estate and private markets portfolios yesterday.
The incumbent submitted the sole proposal in response to an RFP issued in May.
The retirement system established a new 5% target to the asset class last year.
The university will consider approving up to five financing agreements with startup companies recently launched from the institution’s ecosystem through its accelerator fund.
The firm has hired an executive director to oversee the strategic direction of its initiative that honors firms and individuals with exemplary investment results and industry leadership.
The investment advisor will provide comprehensive advisory and portfolio management services for the university’s short-term and core investment pools.
The university’s investment office is seeking entrepreneurs looking to launch their own investment management funds to participate in the second cohort of its Prospect Fellowship.
The university selected a new non-discretionary investment advisor for its operating investment portfolio after launching a search earlier this year due to standard due diligence requirements.