Emerging/Diverse Managers
The plan, which launched an investment advisor search earlier this year, extended services with its incumbent on a month-to-month basis.
The plan hired two firms that will target emerging and diverse private equity, real estate and private credit managers.
The search is for pacing purposes and is seeking manager to handle $100 million.
The association hired a firm to assist in implementing its racial justice investing plan following a search with its investment committee dividing the process into two phases with the first focused on training and evaluation and the second focused on investment consulting, which will require a future search.
The plan terminated an emerging market debt firm as well as an emerging markets equity relationship within its emerging manager program last month.
The diversity of the university’s endowment remains static year-over-year despite the addition of five new U.S.-based managers and the elimination of two other firms, according to a new report.
Plan’s investment committee will recommend terminations of an emerging market debt and an emerging markets equity manager at next week’s board meeting.
The 529 plan added emerging markets equity and global REIT strategies within its portfolio of age-based investment options.
KKR has formed a strategic alliance with Loop Capital to bolster its capacity to serve as a full-service underwriter for initial public offerings.
The foundation has added a venture capital firm targeting minority tech entrepreneurs to its portfolio as it looks to boost its impact investment portfolio.