Private Equity
The search is part of a 2024 pacing commitment plan.
The plan also placed its core fixed-income manager on watch in recent months.
The university is seeking an investment manager to take primary accountability for its private investment portfolio, which makes up 40% of its long-term investment portfolio.
The retirement fund also adopted a new long-term strategic asset allocation.
The retirement system previously extended its contract with incumbent Segal Marco Advisors for one year in October 2023.
The plan also made a private equity commitment in the second quarter.
An interview with Peter Ackerson of Audere Capital.
The university added a new hedge fund manager and committed to an existing private equity manager within its endowment in the third quarter.
The firm’s $870 million fundraise surpassed both its target and original hard cap.
The investment fund is seeking large-market private equity buyout and non-core infrastructure strategies.