Searches And Hires
Plan will discuss the full redemption of its international value manager due to that firm’s closure at next week’s board meeting.
The plan initiated both searches earlier this year for pacing purposes.
The fund approved the search last month to survey the market for pricing and services as the incumbent has been providing the services since 2006.
The university will consider adding an early-stage growth strategy with a new investment manager for its portfolio this week.
The plan also made an infrastructure commitment at a board meeting today.
The plan approved a new real estate manager structure that factored in the implementation of a recent manager hire and adopted a new asset allocation last month.
The plan is looking to make two to three commitments in the growth equity and buyout spaces by the end of the year.
The plan committed to private equity and private debt for pacing purposes.
The plan hired two managers after interviewing a total of four finalists last month.
The search will have a focus on the large-cap market segment.