Alternatives
The new fund’s sole focus will be to grow value for its companies and limited partners.
A foundation based in the Midwest added minority-owned global equity and private equity managers during its finance and investment committee meeting last week.
The commitments totaled $160 million, including with two new managers.
The plan invested in private debt for the first time.
The fund is searching for firms to manage portfolios consisting of private equity, credit and/or real estate.
The plan committed $100 million to a buyout fund at its meeting last week.
Plan narrowed a private lending search to three funds for future on-site visits and finalist presentations.
The plan approved a credit commitment with an existing manager and a 2021-2024 private equity pacing plan at yesterday’s board meeting.
The plan disclosed two private equity commitments at its board meeting today.
The university is searching for senior analysts to assist in the selection process of investment opportunities in private equity and real estate.
