Alternatives
The strategy is the largest private fund formed to decarbonize the real estate industry.
The fund will further discuss a potential oil hedging program at a future meeting after receiving an education on the intricacies of oil hedging from an investment manager at this week’s board meeting.
The university is looking to add private equity strategies to its endowment after recently increasing its target allocation to the asset class by 5%.
The plan initiated a search for a private equity emerging manager to fill a commitment capped at $10 million and completed a core real estate search this week.
Plan will search for private equity managers to fill a new 5% target to the asset class at today’s board meeting.
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.