The university is still searching for sustainability-focused investments after reaching its initial socially responsible investment goal created five years ago.
The alternative credit manager has closed its second collateralized fund obligation, which will invest in U.S. senior lending, junior capital and equity co-investments, just below $200 million.
Institutional investors are bullish on private market investments as the rapid development of artificial intelligence technologies signals future growth in the economy despite looming geopolitical risks, according to a recent survey.
The state trust fund added two private equity buyout strategies in December as part of the buildout of its private equity and alternative investment portfolio.
The state fund-of-funds is preparing to conduct a search for an investment consultant due to the upcoming contract expiration of its incumbent provider.