Infrastructure
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.
The plan will consider eliminating its global REITs allocation for liquidity purposes and disclosed a commitment to an existing infrastructure manager today.
The plan is seeking non-core real estate, farmland, timber and infrastructure strategies to fulfill an up to $400 million mandate.
The plan approved an infrastructure commitment with an existing manager and was informed of two credit commitments at yesterday’s board meeting.
The plan removed a manager structure constraint for its return-seeking fixed-income portfolio and approved a value-add real estate commitment with an existing manager this month.
The plan is set to receive pacing plans for private equity, real assets and credit this week.