Real Assets
The plan’s new private markets allocation will consist of one-third private equity, one-third private debt and one-third real estate/real assets.
Plan bolstered its private equity and private infrastructure allocations with commitments to two existing manager relationships.
The plan also made an infrastructure commitment at a board meeting today.
The search will have a focus on the large-cap market segment.
The pension plan is looking for global infrastructure managers to handle approximately $20 million after approving the search in the first quarter.
The plan added $90 million across two commitments in the second quarter.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.
The university increased its targets to public equity and private real assets to reduce portfolio complexity and take advantage of higher interest rates.
The plan also named a new manager at a board meeting earlier this year.