Alternatives
The plan concluded its domestic small- to mid-cap equity manager search and made private markets commitments last week.
Plan added $90 million in total commitments across two funds with an existing manager last week.
The pacing plans will target a combined $625 million to the two asset classes.
The university invested $4 billion in the Blackstone Real Estate Income Trust and the firm will provide a $1 billion backstop if the fund does not achieve a minimum annual return of 11.25% for six years.
The university foundation added several strategies spanning private equity, domestic equity, commodities and high-yield and investment grade fixed-income within its endowment last year.
The university approved commitments with three existing venture capital firms in late 2022.
The plan will launch a credit manager RFP next month to fill a maiden allocation to the asset class.
The plan approved one private equity commitment and opted against a second last week.
The plan added commitments totaling $45 million in the last several months.
Plan disclosed $415 million in recent alternatives commitments from December.
