Emerging/Diverse Managers
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.
Community foundations are increasingly hiring or considering hiring diverse managers for their portfolios, according to a recent survey.
The plan initiated a search for a private equity emerging manager to fill a commitment capped at $10 million and completed a core real estate search this week.
The plan is considering two private markets managers for its emerging manager program.
The plan hired a new emerging market debt blended currency manager at the meeting, which also included discussions around including diverse asset managers in future searches.
The Midwestern based firm has launched a partnership with tribal governments nationwide to provide access to capital to indigenous entrepreneurs and offer education about the opportunities and pathways that exist for success.
All participating institutions had more than 5% of their U.S.-based assets with diverse-owned firms, however, more than two thirds of the wealthiest 25 private and 25 public college and university endowments refused to participate in an assessment of the diversity of their asset managers.