Alternatives
The plan committed $50 million to a new venture capital manager last week.
The plan liquidated its $8.5 million hedge fund-of-funds mandate in May.
The new commitment follows one the plan made to a predecessor fund in 2019.
The commitments to the two managers totaled $200 million.
Plan approved a $2 million secondaries commitment at a meeting this week.
Plan will a new 5% target to private equity after reviewing a search report last quarter.
The plan committed to two funds following finalist interviews this week.
The foundation will search for impact investments after adopting an ESG-integrated and impact investment strategy to mitigate the negative impacts of climate change.
The university will consider a real estate commitment with a new firm after disclosing follow-on commitments to existing venture capital, private equity and real estate fund managers.
The foundation added three new private equity managers to its portfolio in the second quarter as part of the build-out of its alternatives portfolio.