Private Equity
The university recently committed to a venture capital fund launched by the team behind its startup incubator.
The church pension hired a new core fixed-income manager in addition to investments and co-investments in private equity and real estate in June.
Plan finalized a $40 million private equity commitment late last week.
The fund will hold a first reading of proposed changes to its investment policy statement and strategic asset allocation, including increased allocations to fixed-income and hedge funds, at its June 29 board meeting.
The plan committed to new funds by exiting managers at a meeting last week.
The university added three private equity managers and redeemed from two hedge fund managers in the first half of 2023 in accordance with a new investment policy approved in late 2022.
The changes include increases to the plan’s core real estate and infrastructure targets and subsequent searches.
The RFP will seek one or more short-duration high-yield fixed-income managers.
The plan is scheduled to approve a new target asset allocation at its meeting on Tuesday.
The pension plan committed up to $40 million to an existing manager relationship yesterday.
