| ASSET CATEGORY | TARGET | INDEX |
|---|---|---|
| GLOBAL EQUITY | 61% | |
| Public | 38 | MSCI All Country World Index |
| Private | 23 | Cambridge Associates Private Equity and Venture Capital indices |
| FIXED INCOME | 12% | |
| Public Fixed Income Private Credit | 102 | Barclays Aggregate Bond Index |
| Credit | 2 | Cambridge Associates Private Credit and Distressed indices |
| REAL ASSETS | 12% | |
| Public | 3 | 1/3 each Bloomberg Barclays U.S. TIPS Index, NAREIT Index and Alerian MLP Index |
| Private | 9 | Cambridge Associates Private Real Estate and Natural Resources indices |
| DIVERSIFYING STRATEGIES | 15% | HFRI Fund of Funds Composite |
In addition to these principal benchmarks, performance may from time-to-time be compared to a peer group of similar institutions.
The asset class performance will be measured against:
It is expected that, at each level, the Endowment and the asset class should exceed the index return and should be above median against the appropriate peer group universes over full market cycles. It is expected that risk (and risk-adjusted returns) will be in line with the risk associated with the specific market benchmarks over full market cycles.
See Gift Acceptance and Donor Recognition Policy.
The University shall follow all applicable state procurement procedures and regulations in the selection of the firm.
University: Kentucky State University
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