Alternatives
Plans added a re-up commitment to a private equity firm and a new commitment with a real estate firm this week.
The plan disclosed various private credit and private equity commitments at today’s board meeting.
A new survey showed that many nonprofit investors expect to increase their allocations to alternative assets this year for diversification benefits and to increase portfolio performance.
The institution hired two domestic small-cap equity managers and added two venture capital commitments with existing managers at a meeting late last week.
New allocation is contingent on full board approval after receiving approval from the investment committee this week.
Plan expects to add private equity commitments totaling $60 million following investment committee approval earlier this week.
The firm added a managing director in Chicago for its real estate team.
The commitments include two new relationships for the council.
The plan is considering follow-on commitments to eight existing managers.
The plan disclosed $183.5 million in recent private equity, private credit and real assets commitments this week.