Plan selected two finalists in its emerging markets small-cap equity search and added a real assets commitment for pacing purposes today.
Plan added a maiden small-cap growth mandate with a new manager.
Plan made commitments to eight existing managers and one new manager last month.
New domestic small-cap core mandate will complement existing small- to mid-cap and value investments.
The university added domestic small-cap value equity and international value equity investments as well as a private real assets commitment this year, while redeeming from two hedge fund managers.
Incumbent firm beat out four other finalists presented in a search last quarter.
Plan invested with two international equity managers and a direct lending manager yesterday.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
Plan reallocated its $2.7 million international small- to mid-cap growth equity investment to an existing MSCI ACWI ex-U.S. Index fund.
The search follows approval of a new asset allocation that includes a maiden 5% target to private debt.