Private Equity
The former deputy cio of a university in the South has joined a Northeast-based alternatives investment manager that invests in credit, private equity and real estate.
The plan will interview three firms to replace its longtime incumbent in April.
The plan received an initial presentation on potential changes and new strategies within its equity portfolio at a meeting today.
The plan hired two firms in its diverse private equity fund-of-funds search this week.
The plan approved an amendment at today’s meeting that will see its contract with an existing manager terminated later this year.
The plan approved two commitments at a meeting today as part of its private markets pacing plan.
The plan added an infrastructure commitment in January and funded several new investments in December.
Commitments to private equity fund-of-funds and secondaries will help to rebuild private equity allocation.
Institutions should take a fresh look at financial and investment strategies to address challenges to their business models and maintain optimal asset allocations to meet a 7.5% historical return target, particularly in the face of a long-term era of muted returns, according to a recent study.
A university in the Midwest is looking to add global equity, private equity and real estate investments to its long-term portfolio at its board meeting this week.