Real Assets
Plan continues working toward executing a transition of assets away from the state fund.
The commitments were recommended in closed session of yesterday’s board meeting.
Plan adds deputy cio for operations from its legal team.
The maiden asset class was added as part of a new asset allocation approved last year.
The university is considering creating a related but separate entrepreneurial team to invest $2 billion in real estate on or near its campuses, while also disclosing its shifting approach to private equity investing.
The plan began a core real estate search for diversification purposes.
The fund is reviewing its relationship with a firm that handles private energy, international equity and emerging markets mandates after the state comptroller directed entities to divest their existing holdings from financial companies that boycott energy companies.
The hospital is seeking an investment associate to manage its private real assets and private equity investments with a focus on venture capital.
The plan will look to fill allocations to private equity, global infrastructure and real estate.
The plan is considering rehiring its general investment consultant and selecting a new consultant for its real estate and real assets portfolios.