Alternatives
The firm, which focuses on property-backed investments, has closed its seventh flagship fund above its target fundraise with 27% of all capital coming from nonprofits.
The firm has raised $1.6 billion in total commitments across five investment vehicles focused on venture funds and technology companies behind support from new and existing investors, including foundations, endowments, pension funds, family offices and high-net-worth individuals.
The system is considering a private equity buyout commitment with a new manager within its endowment.
The university disclosed follow-on credit, infrastructure and real estate commitments made between October and April within its long-term portfolio.
The founder of the Simons Foundation, who previously led leading quantitative hedge fund manager Renaissance Technologies, died on May 10 in New York City at the age of 86.
The plan also terminated a bank loan manager at its March board meeting.
The pension fund is seeking buyout and special situations funds to handle an estimated $85 million allocation.
The commitments include a new manager relationship for the plan.
The firm has launched its flagship private equity decarbonization program for investors that aspire to reduce the carbon footprint of their portfolio and contribute toward achieving net-zero targets.
The global manager has finalized the second close of its fund targeting sustainably managed forestlands globally with approximately $335 million in commitments.