Alternatives
Historically black colleges and universities, typically limited by the size of their assets, are looking to gain further access to alternative assets, particularly private equity and venture capital, as they seek to grow their endowments to further their mission as well as capture outsized returns that have swelled higher education institutions’ portfolios, according to investors and allocators.
Fund is backed by several institutional investors and endowments.
The plan approved the search today due to underperformance from it its incumbent bank loan manager.
Plan disclosed two private equity commitments finalized on Feb. 18.
The authority is seeking firms to form a privately held debt fund.
The plan terminated the manager during closed session of its meeting last week.
Plan will hear presentations from four value-add real estate finalists at next month’s board meeting.
The plan added two commitments with new and existing managers yesterday.
The plan made a credit commitment with a new manager and approved 2022 pacing plans yesterday.
Appointee will target infrastructure assets that advance the global energy transition and drive reductions in carbon emissions.