Infrastructure
The foundation added a private infrastructure fund and a hedge fund strategy to its portfolio in the second quarter, marking new relationships for the institution.
The plan made a $20 million re-up commitment to an existing manager relationship this week.
The plan made an up to $50 million commitment to an existing relationship at its meeting last week.
The plan will interview the manager for a potential commitment at its January meeting.
The pension plan committed $21.25 million total to five private markets managers last month.
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
The plan made hires in the two searches at a Nov. 15 special board meeting.
The retirement system disclosed recent private equity and infrastructure commitments from the beginning of the fourth quarter.
The pacing plans call for a total of $835 million across the two asset classes.
The plan expects to launch the search in January as its incumbent’s contract is slated to expire on June 30.