Real Assets
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.
Commitments with two existing managers total $70 million.
Foundation hired a real estate manager as part of increasing its allocations to real estate and real assets last year.
Revised asset allocation raises private equity and real assets targets for long-term investment pool to take advantage of its long-term investment horizon and add more balance to the portfolio.
Plan will seek infrastructure managers to complement its existing portfolio.
The plan disclosed several new private commitments in addition to two absolute return manager redemptions at its meeting Friday.
Plan approved the search and canceled its investment in a new opportunistic credit manager yesterday.
Plan committed up to $130 million to two funds this week.