Searches And Hires
The maiden asset class was added as part of a new asset allocation approved last year.
The university disclosed follow-on commitments to existing credit, venture capital and private equity manager relationships made between September 2022 and January.
The plan made a $5 million commitment at its board meeting this week.
The plan hired four credit managers to handle a total of $31 million at its February board meeting.
The plan hired two international equity managers to handle up to $700 million total last week following a search from 2022.
The foundation has issued an RFP seeking a firm to conduct research and make investment decisions on the management of the portfolio, recommend asset allocation and handle reporting, portfolio evaluation and the review of accounts.
The plan has issued an RFP for a firm to provide investment and custodial services for one of its portfolios.
The searches comply with standard state procurement laws.
The recommendation stems from general investment consultant NEPC’s most recent asset class assumptions.
The plan also concluded its real estate and passive manager searches.