Real Estate
The plan will also receive a recommendation to renew its general investment consultant contract through 2029 this week.
The plan made three commitments with existing manager relationships.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The plan launched a search last year to replace its underperforming incumbent.
The firm, which focuses on property-backed investments, has closed its seventh flagship fund above its target fundraise with 27% of all capital coming from nonprofits.
The university disclosed follow-on credit, infrastructure and real estate commitments made between October and April within its long-term portfolio.
The search is open to both equity and debt strategies.
The plan is looking to invest $7 million with value-add real estate funds.
The redemption followed a new asset allocation approved last month that lowered the plan’s real estate target.
The search will target domestic long-only REIT managers.