Alternatives
The fund added a private credit manager as part of the buildout of the asset class over the last 18 months as well as a private equity secondaries fund focused on distressed assets.
The plan expects to commit to buyouts and special situations funds for the next three years.
The plan selected a pair of firms to fill a maiden allocation to the asset class.
The Northeast-based firm completed the final closing of its first real estate hospitality fund with more than $275 million in equity commitments.
The university has increased its targets to private equity and real assets at the expense of global equity and marketable alternatives to improve its portfolio’s return and risk profile.
The college increased its endowment toward private equity and venture capital and increased its long-term ranges to the asset class for a second consecutive year.
The university approved five new commitments totaling $81 million to private equity, venture capital, private credit and hedge fund strategies within its endowment.
The commitments include a first-time investment for the plan.
Plan bolstered its private equity and private infrastructure allocations with commitments to two existing manager relationships.
The institution approved a commitment to an early-stage growth strategy that invests in consumer and consumer technology companies.