Real Assets
The foundation is looking to build out its private investment allocations to reach its asset allocation targets in the near future.
The plan committed $25 million to a new non-core real estate manager and approved a fiscal 2023 private markets pacing plan this month.
The plan recently made commitments with nine existing managers and one new manager.
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.
The plan hired two firms that will target emerging and diverse private equity, real estate and private credit managers.
The plan will interview two firms next month to handle nearly $200 million.
The plan disclosed three private equity commitments and one real assets commitment.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
The plan added a 2% maiden target following an asset/liability study last month.
The plan will also eliminate its long/short equity portfolio.