Real Estate
The plan will receive private equity and real estate commitment recommendations at tomorrow’s meeting.
An education system based in a Southern state has approved new investments to hedge fund, credit and real estate strategies.
The three new commitments will total up to $130 million following approval from the full board later this month.
The plan liquidated its inhouse passive global equity mandate and made $1.6 billion in total commitments in April.
The new asset allocation includes slight increases to several portfolios.
Plan added $315 million in alternatives commitments with existing manager relationships last week.
The plan expects to commit $225 million total to real estate this year.
The third opportunity zone fund comes after the firm held the final close of its second opportunity zone strategy in excess of its predecessor fund.
The foundation approved new allocations to private debt, real estate and fixed-income strategies in the first quarter.
The plan approved private equity and non-core real estate commitments at today’s meeting.
