Searches And Hires
The foundation is looking to add more private equity, real assets, special situation and impact-focused investments this year.
The plan approved criteria for its short-duration fixed-income manager search and made an opportunistic real estate commitment for pacing purposes last week.
The firm had been on watch for underperformance since the summer.
The new policy will help the plan achieve its 6.5% assumed rate of return over the next 10 years.
The state authority is seeking firms to deploy capital on behalf of four fund opportunities.
The Treasury is seeking a firm to assist investment staff in managing its $37.7 billion investment portfolios.
The plans increased their private equity targets after receiving an asset allocation study in October.
The plan eliminated a 5% target to emerging market debt and redistributed it amongst existing asset classes.
Plans added a re-up commitment to a private equity firm and a new commitment with a real estate firm this week.
The plan’s incumbent manager will see its contract expire this year.