Searches And Hires
The commitments conclude a real estate search that began last year.
The commitments are part of general investment consultant Callan’s 2024 private equity pacing and reinvestments model.
The fund is slated to consider adding a new private credit manager to its portfolio at its board meeting this week as it is underweight its target to the asset class by more than $300 million.
The university approved adding long/short credit and venture capital commitments with new investment managers at its September board meeting.
The foundation amended its asset allocation policy, removing its allocation to special purpose acquisition company assets, and added several commitments within its endowment during its second quarter investment committee meeting.
The plan has current managers in the two asset classes.
The plan terminated an opportunistic mandate for performance reasons last week.
The pension plan will conduct two manager searches after approving a fiscal year 2024 real assets investment plan.
The plan selected a new mid-cap growth manager over four other finalists to replace Allspring Global Investments at its August board meeting.
The pension plan disclosed two private equity commitments yesterday.