Alternatives
The alternative credit manager has closed its second collateralized fund obligation, which will invest in U.S. senior lending, junior capital and equity co-investments, just below $200 million.
The university fully liquidated a hedge fund investment within its endowment in the fourth quarter and reinvested the proceeds in a money market fund.
The institution approved new hedge fund, private equity and venture capital commitments in the fourth quarter.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
The pension plan’s hedge fund committee approved four commitments and a manager termination at its meeting in October.
Institutional investors are bullish on private market investments as the rapid development of artificial intelligence technologies signals future growth in the economy despite looming geopolitical risks, according to a recent survey.
Private equity and credit stand poised to continue dominating nonprofit mandates for the next year to two years, according to a new study of outsourced cio providers.
The state trust fund added two private equity buyout strategies in December as part of the buildout of its private equity and alternative investment portfolio.
The firm closed it latest strategy above its target at its hard cap of $275 million.
The firm announced the final close of its inaugural fund at its hard cap of $1.5 billion.
