Infrastructure
The plan concludes a search that began in February.
The plan will first issue RFPs for global infrastructure and tactical asset allocation managers.
The plan added up to $1.625 billion in new commitments at last week’s meetings.
The trust fund added private equity and private infrastructure commitments as part of the buildout of illiquid assets in its portfolios.
Plan added three commitments totaling $310 million at this week’s board meeting.
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The plan disclosed several new private markets commitments in its December board meeting materials.
The health system was slated to review a new investment policy statement with a revised target asset allocation at its Nov. 30 meeting, however, the meeting was postponed due to a lack of quorum.
The trust’s incumbent U.S. small-cap growth equity manager ceased operations.