Alternatives
The university approved fully liquidating a hedge fund manager and committing to a private equity strategy within its endowment in the first quarter.
Newly enhanced requirements affect large hedge fund and private equity advisors.
The plan made follow-on commitments totaling $925 million.
The consulting firm has issued an RFI on behalf of an undisclosed public fund client.
The system was expected to review three private equity secondary fund-of-funds managers for its portfolio this week after beginning consideration of the strategies late last year.
The Northeast-based firm closed its second fund with $850 million in commitments, above its initial target, from a broad range of institutional investors.
An impact fund targeting local Black communities has garnered an initial $400 million investment.
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The commitments include two new manager relationships.
The plan approved a pair of commitments at today’s board meeting.