Real Assets
Plan committed up to $130 million to two funds this week.
The plan also made several adjustments to its traditional growth portfolio at its meeting last week.
Plan committed $50 million to a new core-plus real estate manager this month.
A university in the South revised the target asset allocation for its endowment last month, increasing its allocations to private markets and real assets.
The plan approved a new 3% target to infrastructure following an education from its general investment consultant.
The plan replaced the cash overlay provider for its Commingled Trust Fund and approved two private equity commitments yesterday.
Plan added infrastructure and private equity buyout commitments at today’s meeting.
The plan will look to identify potential diversification opportunities outside core real estate to increase its expected return.
The plan added a private equity commitment with an existing manager and two real assets commitments with a new manager last week.
Three new investments were added to the foundation’s endowment as part of its gender and racial equity lens initiative to invest 25% of its portfolio with firms majority-owned by women and/or people of color.
