Alternatives
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The firm closed its latest fund focused on energy and climate-related companies adapting artificial intelligence technologies with $160 million, including commitments from two returning nonprofit investors.
The foundation added private real estate, private equity and private credit strategies with new managers to its portfolio last month.
The nonprofit has launched its first open RFP to build partnerships and support investments that can accelerate U.S. clean power projects, seeking proposals from energy developers, commercial partners, community lenders and financial investors like private credit and private equity firms.
The plan expects to issue the RFP before the end of the month.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
The plan will commit a total of $1.2 billion to the asset classes next year.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.
The university moved its endowment toward private equity, U.S. equity, global equity and hedge funds, as part of a new investment policy statement approved at its November meeting.
The endowment is preparing to conduct a search for an investment consultant for its portfolio after wrapping up its U.S. direct lending manager search at its November board meeting.