Alternatives
A university foundation in the South has approved venture capital commitments at its investment committee meetings in February and November.
The plan is considering committing $700 million in commitments to five private market firms.
The plan approved a new target asset allocation at its board meeting today.
The plan will conduct a search to replace a manager that decided to discontinue its fund.
The plan made two private equity commitments as it looks to commit to 11 total funds.
The plan rehired its longstanding consultant and will begin a search for a defined contribution consultant next month.
The plan will commit $50 million between two to three partnerships this year.
The plan added one firm on watch for underperformance and two more for organizational concerns.
A Southern state plan added a commitment with an existing private equity fund-of-funds manager and approved a real estate commitment at its board meeting last week.
The plan has issued its private equity RFP that was approve last week.