Plan approved four fund commitments totaling more than $360 million today.
Plan added a follow-on commitment to a multi-family real estate fund in April.
The foundation hired a private credit manager and made commitments to two existing private equity managers during the first quarter.
Plan made commitments to eight existing managers and one new manager last month.
The plan made a $20 million commitment at its special meeting yesterday and anticipates making annual commitments to additional funds moving forward.
Plan added a $15 million commitments the first of five total to be proposed in 2022.
Plan added a secondaries commitment to its portfolio this week.
Commitment represents a new relationship for the plan.
Funding for the new investments will come from the plan’s existing high-yield mandate.
The fund will consider redeeming from a real estate manager next week due to continued underperformance as the strategy has been hampered by its concentration in office and retail.