Alternatives
The plan approved commitments of $30 million each to real estate and private equity funds at today’s meeting.
Plan continues working toward executing a transition of assets away from the state fund.
The plan removed two hedge fund investments totaling $40.8 million from its portfolio this week.
The commitments were recommended in closed session of yesterday’s board meeting.
Plan adds deputy cio for operations from its legal team.
The firm has closed its latest fund, a venture capital strategy focused on rejuvenating the ecological health of the world’s oceans, above its initial target.
While the negative fiscal year 2022 return hurt longer-term performance, good returns from prior years helped to mitigate the impact, according to the study.
The university disclosed follow-on commitments to existing credit, venture capital and private equity manager relationships made between September 2022 and January.
The university is considering creating a related but separate entrepreneurial team to invest $2 billion in real estate on or near its campuses, while also disclosing its shifting approach to private equity investing.
The plan made a $5 million commitment at its board meeting this week.