Alternatives
Plan disclosed real estate and private equity commitments with existing manager relationships.
The plan added a European private equity commitment in the first quarter.
Plan is seeking proposals from direct lending, opportunistic and distressed/special situations private credit funds that are currently fundraising.
The foundation is looking to build out its private investments over the coming years after revising its target asset allocation and significantly increasing allocations to several alternative asset classes in fiscal year 2022.
The plan will seek to commit up $300 million across multiple private credit strategies as part of an RFP scheduled to be issued on Monday.
Survey respondents cited inflation mitigation as one of many motivating factors driving investor attraction to private infrastructure.
The foundation is seeking an investment manager for private markets to help source and evaluate investment strategies across buyout, growth, venture capital, special situations, real estate and infrastructure.
The pacing plan calls for a total of $58 million to private debt and private equity over the next two years.
The firm closed its sixth private equity fund, which will target technology, business services, medical and industrial sectors, above its target.
The plan approved commitments of $30 million each to real estate and private equity funds at today’s meeting.