Alternatives
The retirement system is seeking to establish a pool of “possibly two to three” consulting firms to advise on co-investments.
The CIO said the comments to an audience of financial advisors at a conference held in Miami this week.
The university added three private real asset commitments to its approximately $2.3 billion endowment in December and January, including one with a new manager.
The investment manager has filled the newly created position of global head of family capital with the former managing director of a prominent asset manager.
After showing consistent returns over the last two decades, private infrastructure funds offer attractive investment opportunities for nonprofits, due to growing demand, diversification of assets and mandated revenue structures of infrastructure projects.
Two prominent foundations are among the group of endowments, foundations, pensions, corporations and family offices to commit to a firm’s recently closed second venture fund.
The pacing plans call for a total of $105 million to private markets this year.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The plan made a $10 million commitment to the next fund offering of an existing manager.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.