University of Kentucky, Lexington, expects to issue RFPs for real estate and real assets managers for its $1.2 billion endowment, recent investment committee minutes indicate.
The real estate RFP is expected to be issued later this year, and the real assets search in 2015.
The endowment's actual allocation to real estate is 11.8%, which includes 5.4% of unfunded commitments, and is on track to meet its 12% target by 2017.
Additional information on the real estate search could not be learned by press time.
Private closed-end funds will be considered for the real assets search, and funding is expected to come from Wellington Management liquid real asset funds. The size of the Wellington funds and further information about the search could not be learned by press time.
As of March 31, the endowment's actual allocation to alternatives was 57%. The target allocation is 66%.
Susan Krauss, treasurer for the university, and Robert Palmeri, director of East Coast consulting at R.V. Kuhns & Associates, consultant to the endowment, could not be reached by press time.