Alternatives
The corporation is searching for firms to establish a state venture capital fund and to act as the manager of the fund, for which the state will be a limited partner.
The fund will look to commit more than $300 million across private equity and private credit this year as part of the pacing plan to reach its target allocations by the end of the decade.
The retirement system will also see its executive director resign on Friday after less than a year in the role.
The fund-of-funds made a commitment to an investment vehicle targeting start-ups in Southern Wisconsin, where Microsoft plans to make a $3.3 billion investment in cloud computing and artificial intelligence infrastructure.
The university added a new global public equity investment and a private equity commitment with existing managers within its endowment in the fourth quarter.
Fund is seeking a firm to serve as co-fiduciary and provide full service non-discretionary investment consulting services for its private markets portfolio mandates.
The global alternatives firm has named a senior-level staff member to serve in the newly created role of president, with another staffer to fill his former position.
A global alternatives investment group focused on private equity and other private capital strategies sold the majority of its stake in a global private equity manager, which consisted of the group’s entire management fee earnings and future performance related earnings.
The fund approved 2025 pacing plans across private equity, private credit and private real assets last month.
Under today’s conditions, many nonprofits and allocators are looking at other macro trends — especially the advancement of artificial intelligence technologies and concomitant demand spike for energy and infrastructure — that bode well for their alternatives allocations.