Infrastructure
The plan approved a pair of commitments at today’s board meeting.
The plan made private markets commitments totaling $15.8 million and appointed an executive director/cio last month.
The searches will help fill out an asset allocation approved in 2021 that included new targets to the asset classes.
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.
The plan recently committed approximately $2.2 billion total to nine funds.
Survey respondents cited inflation mitigation as one of many motivating factors driving investor attraction to private infrastructure.
The foundation is seeking an investment manager for private markets to help source and evaluate investment strategies across buyout, growth, venture capital, special situations, real estate and infrastructure.
Plan continues working toward executing a transition of assets away from the state fund.
The maiden asset class was added as part of a new asset allocation approved last year.
The plan added a 3% target to global infrastructure as part of a new asset allocation that was adopted yesterday.