The university’s senior alternative assets manager retired in April after more than 14 years in the role.
Plan staff is seeking board approval of direct lending and core-plus real estate commitments this week.
The plan is allowed to invest up to 7.5% of total assets into the new asset class.
Commitments to private credit and private equity made at today’s board meeting total $60 million.
The institution will review the asset allocation for its endowment this week and consider increasing its private equity target.
Commitments to two existing managers totaled $80 million.
Plan added up to $1.6 billion in private equity and real estate commitments and disclosed a new private equity investment officer hire.
Plan rejected the commitment after receiving additional information about the firm’s ongoing litigation yesterday.
Plan disclosed commitments totaling $82 million and approved alternative investment pacing plans today.
The college is looking to add private equity investments, including growth equity, buyouts and venture capital.