Private Equity
The college made two buyout private equity commitments with new and existing managers within its endowment last year.
The searches result from a new strategic asset allocation.
The plan also disclosed two recent private markets commitments.
The retirement fund had been expected to post the RFP today.
The pension plan received a recommendation from staff to amend its private equity sub-asset class targets last week.
The search will not include the plan’s two incumbent firms.
The university approved recommendations to commit to climate solutions and venture capital strategies within its endowment at its March board meeting.
Private equity and venture capital firms that have predominantly women or people of color in ownership can provide another source of diversification and unlock access to differentiated deal flow for their limited partners and other investors, according to new research.
The redemptions stem from qualitative issues within the firm’s investment team.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.