Private Equity
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The plan added a $60 million commitment to a new manager in May.
Private markets co-investments have seen a steady uptick as they provide a unique opportunity for institutional investors to become better acquainted with managers, especially in today’s slow fundraising environment where GPs have motive to expand their offerings.
The oversubscribed fund closed at $2.35 billion in commitments.
The plan’s board will hear presentations from four domestic core fixed-income finalists next week.
The increases are a result of a new asset allocation study.
The pension plan hired a new domestic small- to mid-cap value equity manager and made commitments totaling $980.4 million in June.
The university is looking to hire an associate director of investments with a focus on private equity.
The retirement system hired its incumbent consultant to a five-year contract following a search conducted in 2019.
The plan added a private equity commitment with an existing manager earlier this summer.