Real Assets
The plan committed $700 million to two alternative managers.
Plan selected two finalists in its emerging markets small-cap equity search and added a real assets commitment for pacing purposes today.
The transaction is expected to close by the end of the year.
Plan will discuss potentially implementing a dedicated allocation to Pan-Asian assets over the next year.
Plan made commitments to eight existing managers and one new manager last month.
The firm replaces a manager that is closing next month.
A university based on the West Coast is considering a clean energy allocation and fossil fuel divestment.
The university added domestic small-cap value equity and international value equity investments as well as a private real assets commitment this year, while redeeming from two hedge fund managers.
Plan’s board committed $160 million to an existing infrastructure manager and was notified of a private equity commitment this week.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.