Real Assets

Plan introduced private credit and private infrastructure target allocations and hired a domestic mid-cap value equity manager to replace its existing mandate with Wellington Management Company this week.

The fund will consider approving a new strategic asset allocation for its portfolio as well as review the cost and benefits of hedging the fund’s oil and gas revenues as requested earlier this year.

Plan made asset allocation changes in an effort to move closer to its long-term policy and disclosed four commitments today.

Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.

Plan’s incumbent tangible assets consultants were the only respondents to an RFQQ issued in February.

The university has added two commitments as part of its initiative to invest 5% of its portfolio in impact investments, while reducing the carbon footprint of its portfolio over the last two years.