A university in the Midwest updated the target asset allocation for the model portfolio for its long-term portfolio in 2020, increasing its target to private equity.
The plan will interview finalists for its diverse private equity fund-of-funds search next month and tentatively selected a winner in its emerging markets equity search.
Alternatives will play an even more critical role in helping nonprofits reach spending plus inflation targets in 2021 as they seek income and downside protection that low-yielding bonds markets and equity markets cannot.