International / Global / Emerging Markets
A university based in New England approved new allocation targets for two of its portfolios.
The plan approved criteria for its short-duration fixed-income manager search and made an opportunistic real estate commitment for pacing purposes last week.
The plan eliminated a 5% target to emerging market debt and redistributed it amongst existing asset classes.
The plan’s incumbent manager was recently placed on watch for underperformance.
The plan conducted a similar search in 2021 that did result in any hires.
The plan expects to conclude the search process in the third quarter.
The plan disclosed $183.5 million in recent private equity, private credit and real assets commitments this week.
The plan will be examining the allocation structure of the portfolio as well as the current managers.
The plan hired an international growth equity manager and committed to two existing private equity managers last month.
The plan added a European private equity commitment last week.