Commitment is with a private equity strategy centered around making investments in the North American midstream energy sector.
The university added several venture capital strategies and a buyout private equity fund to its endowment in the first quarter.
System’s endowment is underweight its target to the asset class.
Plan approved $125 million in new commitments in March.
Plan’s board considered terminating an emerging markets value equity manager and disclosed several alternative commitments and manager terminations last month.
The plan committed to existing managers’ latest funds.
Plan approved four new alternatives commitments and has begun a search for an investment analyst.
Plan added a $20 million re-up commitment at this month’s board meeting.
Plan disclosed new private equity and real estate commitments at its meeting last week.
The plan bolstered its private equity portfolio with several commitments with existing managers in recent months.