Alternatives
The institution approved completely liquidating a domestic large-cap growth equity strategy and an Asian hedge fund strategy last quarter.
The fund expects to receive recommendations to add new multi-strategy hedge fund and international equity managers to its portfolio this month after making a private credit commitment at the end of the third quarter.
The foundation added impact private equity and emerging markets equity strategies with new managers within its endowment in the first half of 2023.
The plan is searching for managers to handle more than $850 million.
The plan hired several managers at its board meeting today, totaling more than $1 billion.
The plan approved a private equity commitment at today’s meeting.
The fund is slated to consider adding a new private credit manager to its portfolio at its board meeting this week as it is underweight its target to the asset class by more than $300 million.
The university approved adding long/short credit and venture capital commitments with new investment managers at its September board meeting.
The foundation amended its asset allocation policy, removing its allocation to special purpose acquisition company assets, and added several commitments within its endowment during its second quarter investment committee meeting.
The commitments include maiden investments in private credit.