New England College revised the asset allocation for its endowment last year, increasing its allocation and long-term ranges to private equity and venture capital.
System approved two real estate commitments within its endowment at its board meeting last month.
The plan approved credit and private equity commitments during today’s meeting as part of pacing plans for the respective asset classes.
Plan’s investment committee will review a recommendation to rehire the incumbent consultant.
The plan disclosed new private equity, credit, portable alpha and real estate commitments at a meeting today.
The plan disclosed four private equity commitments to new and existing managers today.
Credit and venture capital commitments were made with three existing managers yesterday.
Plan added infrastructure and private equity buyout commitments at today’s meeting.
Plan will seek one core firm and one core-plus bond manager to split a proposed long-term target of 24% to the overall asset class.
Three new commitments totaled up to $115 million for the plan.