Real Estate
Private assets, ESG and Chinese equity will help endowments and foundations garner strong returns over the long term without missing opportunities in the short term, according to a new report.
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
Plan will review proposed 2023 pacing plans for four portfolios at Thursday’s board meeting.
The plan retained two managers based on the recommendation of its general investment consultant.
The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The plan disclosed several new private markets commitments in its December board meeting materials.
The commitments, which span real estate credit and private equity, include two new relationships.
The plan committed roughly $1.2 billion total to four new managers and two existing managers in October.
The plan will consider eliminating its global REITs allocation for liquidity purposes and disclosed a commitment to an existing infrastructure manager today.
The plan added a $10 million real estate credit commitment at an October board meeting.