Alternatives
The university disclosed follow-on private equity, venture capital and private credit commitments with existing managers within its long-term portfolio in the second and third quarters.
The plan added approximately $300 million in commitments across August and September.
The plan made real estate and infrastructure commitments at a meeting this month.
The retirement system approved a $35 million commitment to a middle market senior loan fund at its board meeting yesterday.
The London-based firm has closed its oversubscribed third fund, which invests in mining and energy transition metals, at its hard cap, marking the largest fundraise in the firm’s fund series.
The fund approved the addition of an upper middle market direct lending manager as its general investment consultant viewed the strategy as complementary to existing managers in the portfolio.
The foundation made a commitment to a local venture fund that aims to boost businesses owned by people of color in the region.
The foundation committed an undisclosed amount as an anchor investment to a new private credit strategy focused on senior secured facilities, mezzanine facilities and participating capital and asset-backed loans.
The plan also made two follow-on private equity commitments.
The fund will consider adding an upper middle market direct lending strategy to its portfolio as part of its buildout of some illiquid asset classes.