Real Assets
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The retirement system approved two infrastructure commitments at its investment committee meeting yesterday.
The retirement system is searching for active diversified commodities investment management services.
The plan’s current real assets manager was first hired in 2018.
The pension plan also made a real assets commitment this week.
The pension plan made a core bond investment as well as an infrastructure commitment totaling $210 million last week.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The university added three private real asset commitments to its approximately $2.3 billion endowment in December and January, including one with a new manager.
After showing consistent returns over the last two decades, private infrastructure funds offer attractive investment opportunities for nonprofits, due to growing demand, diversification of assets and mandated revenue structures of infrastructure projects.