Real Estate
The commitments are part of a search for value-add, debt and opportunistic strategies.
The plan chose a new discretionary real estate consultant over its incumbent and one other finalist this week.
The plan added two private equity fund-of-funds and real estate commitments totaling $35 million.
The plan will seek a real estate manager to handle $30 million to $60 million and recently hired a hedge fund-of-funds manager as part of new absolute return portfolio structure.
The plan added follow-on real estate and real assets commitments at today’s board meeting.
The university approved private credit, real estate and private equity buyout commitments with new managers in the second quarter.
The plan will interview two private equity managers and an infrastructure manager at its November board meeting.
The plan approved a $10 million real estate commitment this month after the board previously decided to revisit the investment.
They will be responsible for origination, negotiation, structuring and closing of deals.
Draft RFPs will be reviewed next month for scheduled publication in January.