Emerging/Diverse Managers
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.
The plan concluded two manager searches this week.
The department is searching for a firm to help deploy its portion of funding from the State Small Business Credit Initiative.
The plan will add three value managers to its international equity portfolio.
Plan added a hedge fund commitment to an emerging manager in addition to a pair of private equity commitments.
