Alternatives
The pacing plans call for a total of $105 million to private markets this year.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The plan made a $10 million commitment to the next fund offering of an existing manager.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The West Coast-based foundation committed to a seed-stage venture capital manager’s debut fund, which recently closed and was oversubscribed.
The pension system committed $170 million across three strategies in the fourth quarter.
The retirement system added three more commitments to Lightspeed Venture Partners.
The pension plan recently approved three commitments totaling $165 million.
Private debt would represent a new investment for the trust.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.