Alternatives
The plan committed $30 million to an existing private equity manager relationship at today’s board meeting.
The foundation is searching for an investment analyst focused on hedge funds to help its team in sourcing, analyzing and managing hedge fund managers.
The university is looking to grow its private credit allocation to 10% of its overall portfolio following the approval of a new asset allocation.
The plan made four follow-on commitments totaling $625 million.
The university will review and discuss the investment policy and asset allocation for its endowment later this year, including increasing its private market allocations.
The plan will also receive a recommendation to renew its general investment consultant contract through 2029 this week.
The plan made three commitments with existing manager relationships.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The commitments made last quarter totaled nearly $20 million.
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.