Alternatives
The fund recently closed its third healthcare services buyout fund above its original fundraising target of $650 million.
Community foundations continue to show interest in private investments as they look to increase their allocations to the strategies, while the number that they have an outsourced cio model increased from last year.
The university is set to allocate more to domestic stocks and private equity within its largest endowment portfolio after revising its target asset allocation last week.
The university has hired an investment advisory firm and added a managing director to its internal staff to help manage its endowment.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The plan disclosed recent private equity, credit and real estate commitments.
The asset class would be new for the two plans.
The firm has made three senor hires to accelerate its efforts to reach the private wealth channel and make its alternative products more accessible to a broader investor base.
The search is open to North American-focused fund-of-funds managers.
Higher interest rates and inflation has put pressure on the companies that undergird the private credit markets and nonprofits investors should be mindful of the of the potential cyclical risks.
