Real Assets
The change comes after terminating its active manager, which failed to meet its performance objective and has showcased organizational risk.
The recently disclosed commitments consist of private equity, private credit and private infrastructure funds.
The pension plan committed $17 million to an existing infrastructure manager relationship last week.
The plan also appears to have reissued its private markets consultant RFP.
The search is part of a 2024 pacing commitment plan.
The plan also placed its core fixed-income manager on watch in recent months.
The university is seeking an investment manager to take primary accountability for its private investment portfolio, which makes up 40% of its long-term investment portfolio.
The retirement fund also adopted a new long-term strategic asset allocation.
The investment fund is seeking large-market private equity buyout and non-core infrastructure strategies.
The commitments include first time investments with three managers.