Large-Cap
The plan terminated a $1.4 billion domestic large-cap value equity mandate and made commitments with four existing managers and one new manager in August.
The plan concluded its ESG-focused manager search in the second quarter.
Plan will look to increase a direct lending fund-of-one commitment to $500 million from $300 million this week.
The plan will issue an investment consultant RFP in the coming months due to upcoming contract expirations and recently made two private equity commitments.
The plan hired an active domestic large-cap core equity manager at today’s meeting as it has been eyeing a return to active management in the space.
The plan recently placed an international large-cap equity manager on watch due to underperformance and made $80 million in total private equity commitments.
The firm had been on watch since August 2021 due to underperformance.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.
Plan reached an impasse in contract negotiations with a firm originally selected in February.