Real Assets
Plan hired the private markets team at its general investment consultant to consult on its private equity and opportunistic real estate portfolios.
The team will join a new segment of Ares dedicated to real assets.
Plan is searching for investment management firms, or a pool of firms, to create and manage one or more portfolios.
The plan’s full board approved new commitments to existing private markets managers at its meeting last week.
A Southern state plan will conduct a manager search as part of a newly approved global equity structure.
The plan approved credit and real assets commitments with potentially new managers.
The plan terminated an international large-cap equity manager as part of several changes to its overseas equity portfolio approved last month.
The plan made three commitments in closed session at this week’s board meeting.
A university foundation based in the Midwest added private equity, private credit and real assets commitments to its long-term endowment pool at its board meeting last month.