Emerging/Diverse Managers
Fund selected firms to implement emerging manager programs in private equity and private real estate last week.
The plan is looking to invest $20 million with two to three MWDBE private equity managers.
A university in New England has created a website to help emerging managers launch and maintain their firms.
Plan is seeking intermediate duration fixed-income managers in a shift of its $120 million bond allocation away from the current core strategy.
The plan disclosed several private markets commitments in February.
Diversity is a top priority for community foundations within their investment portfolios and investment committees in the coming year, according to a recent survey.
Plan added a $40 million commitment to an existing minority- and women-owned investment firm and made several changes to its watch list this week.
A religious order is conducting a review of its investment managers on key ESG issues such as climate-related risks and opportunities as well as racial and gender equity.
Plan will conduct a search for domestic large-cap value managers in light of organizational changes at an incumbent firm.
The plan is seeking a manager-of-managers to handle a portfolio of women- and minority-owned international equity managers.