Private Equity
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
The plan hired two emerging markets equity managers and approved three private markets fund commitments.
The plan hired two firms in the domestic small-cap equity space to replace a previously terminated manager.
A university in the South will place a greater emphasis on buyout commitments in 2022 as its 2021 pacing schedule has largely centered on venture capital commitments.
Plan disclosed $412.5 million in recent alternatives commitments.
The plan’s investment consultant is recommending discussions on areas such as real estate, infrastructure, private equity and direct lending.
Plan added commitments to real estate and venture capital funds at this month’s board meeting.
The plan terminated a domestic small-cap core equity manager and made a private equity commitment with an existing manager this week.
He is responsible for developing Fidelity’s private asset capabilities globally.
The plan added two private equity commitments and announced the departure of an assistant senior investment officer for real estate at its board meeting yesterday.