The university is seeking a director of investments, real estate and real assets to lead research and preparation of proposed strategy considerations within the asset classes.
The plan is looking to invest $200 million with multiple investment managers.
The retirement system added direct lending and core real estate commitments at today’s board meeting.
The retirement system will also consider adding a complementary real estate manager at a meeting this week.
The college will receive a real estate portfolio to be directed to its endowment campaign to grow the portfolio to $1 billion.
The plan disclosed four commitments at its board meeting last month.
The search stems from 2025-2026 fiscal year real estate pacing plans approved last month.
The commitment represents the plan’s third with the real estate manager.
The plan has also cancelled its exploratory real estate search.
The plan also made a real estate commitment at today’s board meeting.