The plan’s current private markets co-investment manager will see its contract expire at the end of the year.
The retirement plan hired several managers to move toward its new asset allocation policy.
The retirement fund is scheduled to hear proposed real estate and infrastructure pacing plans at next week’s investment committee meeting.
The plan is considering a 5% dedicated allocation to the new asset class.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The retirement system’s ad hoc search committee will conduct on-site visits with three firms in June.
The foundation is looking to add new commitments to private equity and build out the program alongside its outsourced cio over time.
Two HBCUs have committed to an early-stage venture capital strategy targeting the fintech, healthcare, education and workforce development sectors.
The college is one of several institutional investors to commit to the latest venture capital fund from a Berlin-based manager.
The upcoming search stems from a new domestic equity structure approved today.