Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hears Marquette investment review, approves policy wording change to "private assets" and small private-equity commitment
Summary
A Marquette representative reviewed market conditions and the trusts portfolio, recommended a $3 million commitment to an RCP private-equity vehicle (first capital call $300,000), and the board approved changing investment-policy language from "private equity" to "private assets."
The board heard a detailed investment review from a Marquette representative at its April 29 meeting and approved updates to the investment policy that replace the phrase "private equity" with "private assets."
Tim, a Marquette representative introduced in the meeting materials, told trustees the first quarter looked weaker on paper because of large-cap growth and hedge-fund de-risking in March but that markets had rebounded in April. "This is going to have a negative tone to it," the presenter said of the March numbers, but noted year-to-date figures had improved and that in April the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
