University of Missouri boosts private debt target allocation

The endowment plans to increase its private debt exposure.

Institution: University of Missouri System Endowment Pool
Headquarters: Columbia, US
AUM: $1.98 billion

University of Missouri System Endowment Pool has approved an increase in its private debt target allocation at its February 2021 board of curators meeting. The endowment plans to raise its private debt allocation from 3 percent to 7 percent.

To facilitate the increase in target allocation to private debt, the endowment plans to reduce its target allocation to both inflation-linked and sovereign bonds.

Thomas Richards is the endowment’s chief investment officer. Its investment consultant is Verus.

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