Real Estate
The fund was slated to receive recommendations to restructure its real estate portfolio and add extended equity managers to its portfolio at its board meeting last week.
The fund received commitments from institutional investors, including endowments, family offices, foundations and public and private pension funds.
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
The search is to potentially replace an incumbent manager due to performance concerns.
The pension plan committed $125 million to new and existing manager relationships last week.
The plan’s real estate committee received four investment recommendations on Wednesday and approved a commitment in May.
The plan made hires following finalist interviews last week, concluding two RFP searches.
The plan added a value-add real estate commitment to its portfolio.
The plan made three follow-on commitments at this week’s board meeting.
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.
