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A university based in New England added private equity and hedge fund strategies to its endowment in the first quarter.
Private asset managers must position themselves with an eye toward the continued growth and development of digital assets, according to a new study from Northern Trust.
Plan is seeking private lending managers to handle $60 million.
Investments are part of the fund’s pacing plan to increase its private equity and private credit allocations over the next several years.
Recommendation to increase fund’s private equity target allocation will follow a review of its asset allocation later this year after receiving a review of its private equity portfolio in the first quarter.
Plan added a pair of direct lending commitments totaling $250 million and a $76.4 million European real estate commitment.
The plan committed $15 million each to new funds from existing managers.
Plan will issue an RFP seeking diverse-owned private equity managers to handle up to $50 million.
Plan committed to three existing managers at today’s board meeting.
Plan switched domestic small-cap value equity managers in the first quarter.