The plan hired a value-add real estate manager to move closer to its 7% real estate target.
The new allocation range equates to $2.7 billion to $3.3 billion to private equity this year.
He will leave his current position on Oct. 1.
The fund closed with over $4.8 billion in commitments.
The plan approved a total of up to $25 million to two funds at its board meeting today.
The plan is looking to invest $600 million in non-core and core real estate managers.
The plan approved a pair of private equity commitments with existing managers and 2022 pacing plans yesterday.
The plan made private credit and private equity commitments for pacing purposes at yesterday’s board meeting.
A university based in the Midwest has added private equity, venture capital and private debt commitments to its endowment.
A private equity firm has promoted an associate to a senior position.