Alternatives

A university in New England approved a venture capital fund-of-funds commitment within its endowment at its investment committee meeting last month.

A university based in the Midwest approved an allocation with a hedge fund manager within its non-endowment portfolio this month.

The plan is seeking one or more fund-of-funds managers to handle a $400 million mandate.

Plan is seeking private credit management services for a $30 million to $65 million allocation.

Alternative investment managers Apollo Global Management, Ares Management Corporation and Oaktree Capital Management have announced a $90 million initiative for students attending three Historically Black Colleges and Universities to introduce them to the alternative investment industry.

A group of seed stage investors have announced the launch of Screendoor, a $50 million venture capital fund-of-funds focused on investing in seed stage and early-stage funds from underrepresented communities.