Private Equity
The fund is looking to build out its alternatives allocations to align its portfolio with a new strategic asset allocation approved in June.
The plan added two private equity fund-of-funds and real estate commitments totaling $35 million.
The plan will seek a real estate manager to handle $30 million to $60 million and recently hired a hedge fund-of-funds manager as part of new absolute return portfolio structure.
She will be responsible for due diligence, execution and portfolio management.
The university approved private credit, real estate and private equity buyout commitments with new managers in the second quarter.
The plan made commitments with two existing managers’ latest funds.
The plan will interview two private equity managers and an infrastructure manager at its November board meeting.
She will be responsible for general oversight and day-to-day management of all global non-investment operations.
The plan increased its total private markets target as the portfolio is currently overweight to private equity and private real assets and recently placed an MSCI EAFE Index fund manager on watch due to underperformance.
