Alternatives
The West Coast-based foundation committed to a seed-stage venture capital manager’s debut fund, which recently closed and was oversubscribed.
The pension system committed $170 million across three strategies in the fourth quarter.
The retirement system added three more commitments to Lightspeed Venture Partners.
The pension plan recently approved three commitments totaling $165 million.
Private debt would represent a new investment for the trust.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
With Founder and CIO Roger Vincent at the helm, Summation Capital is a new asset management industry fund-of-funds known for its endowment style approach to private equity investing. Read how Roger and the Summation team doing things differently.
The position will drive environmental sustainability, climate risk management and responsible investment across its global investment strategies.
The pair of expected private credit commitments will help the fund as it looks to reach its target allocation to the asset class in the coming years.
A global investment firm has expanded access for its alternative asset platform to its private banking and advisor clients as well as entities that have no relationship with the firm.