Real Assets
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.
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.