Private Equity
The plan made natural resources and real estate commitments last month and will consider a 2023 private markets pacing plan this week.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The consultant will advise the plan’s nearly $335 million private markets portfolio.
The changes followed two separate asset/liability studies from general investment consultant Verus.
The commitments include two first time managers for the plan.
Commonfund will rename its two core businesses effective Feb. 1 to enhance clarity while supporting continued growth.
The plan made three private equity commitments over the last two months.
The plan concluded its domestic small- to mid-cap equity manager search and made private markets commitments last week.
Plan added $90 million in total commitments across two funds with an existing manager last week.
The pacing plans will target a combined $625 million to the two asset classes.