Real Assets
The trust fund is preparing to conduct an asset allocation study for one of its portfolios, the first since 2022, as it continues to build out its alternative asset classes, including private equity and real assets.
The pension plan committed up to $80 million to a new manager relationship.
The plan will receive presentations from a credit manager and a farmland manager in the coming months.
The change comes after terminating its active manager, which failed to meet its performance objective and has showcased organizational risk.
The recently disclosed commitments consist of private equity, private credit and private infrastructure funds.
The pension plan committed $17 million to an existing infrastructure manager relationship last week.
The plan also appears to have reissued its private markets consultant RFP.
The search is part of a 2024 pacing commitment plan.
The plan also placed its core fixed-income manager on watch in recent months.
The university is seeking an investment manager to take primary accountability for its private investment portfolio, which makes up 40% of its long-term investment portfolio.