Alternatives
The firm closed its latest flagship private market fund with nearly $4 billion in commitments from nonprofits and other institutional investors globally.
The plan approved hires in its general and alternatives investment consulting searches at today’s board meeting.
The pension fund committed to private credit and private equity buyout funds.
The pair of commitments are subject to approval from the full board later this month.
The plan will target a proposed allocation of $12 million to $18 million for pacing purposes.
The firm has hired the former director of investments at a mid-Atlantic-based college as a managing director of private markets to provide investment advice, income tax minimization and wealth planning and financial administration solutions.
The foundation added distressed credit, mezzanine debt and hedge fund-of-funds strategies to its portfolios last year.
The system approved private equity commitments with new and existing managers within its endowment and the addition of a short-duration fixed-income manager within its liquidity pool at its investment committee meeting this month.
The Houston-based middle market firm closed its sixth private equity fund at its $3.5 billion hard cap, exceeding its $2.75 billion target.
The firm has hired a managing director and head of capital markets to expand its relationships with the global institutional investment community and grow its business development of private credit products and capital markets.