Infrastructure
The foundation is considering a maiden alternatives allocation within its portfolio and weighing the addition of hedge fund, infrastructure and private debt investments to fund the allocation.
The plan terminated an EAFE value equity manager that had been placed on watch in June for underperformance.
The plan will issue an RFP for non-discretionary and discretionary services in January.
The plan will first issue the fixed-income and private equity RFPs in the next two months.
The plan’s consultant said there are additional strategies it might consider for diversification purposes.
The plan disclosed a recent infrastructure commitment with a new manager.
Plan added real estate and real assets commitments totaling $60 million this week.
The plan recently committed $348.5 million total to two existing managers and terminated a high-yield fixed-income manager.
The plan will hear presentations from two funds for recommended commitments next month.
The firm hired another co-lead for the infrastructure strategy in February.