Plan committed an additional $350 million to its in-state private equity investment program, which was established in 2000.
Plan’s investment committee was scheduled to interview four firms in the search for an up to $60 million allocation.
Plan will review two funds previously narrowed from a direct lending search presented in February.
Plan’s board committed $130 million to a private equity energy fund and was notified of an additional private equity commitment this week.
Plan’s new 4% target to private equity will help increase its expected return.
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.