Real Assets
The plan made private markets commitments totaling $15.8 million and appointed an executive director/cio last month.
The termination follows a completed asset/liability study.
The plan approved a private equity commitment and was informed of staff-delegated investments this week.
The searches will help fill out an asset allocation approved in 2021 that included new targets to the asset classes.
The plan hired two firms to fill a new allocation to the asset class.
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.
The plan recently committed approximately $2.2 billion total to nine funds.
The search follows the departure of an investment associate that left at the beginning of the year to join a West Coast endowment.
The contract of the plan’s incumbent high-yield fixed-income manager will expire this year.
The foundation is looking to build out its private investments over the coming years after revising its target asset allocation and significantly increasing allocations to several alternative asset classes in fiscal year 2022.