Alternatives
The private credit fund focuses on asset-backed investments.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The plan, which launched an invitation-only search this year, will make a decision next week.
The firm has partnered with a financial technology company to launch a blockchain option within its private assets fund.
The university is an anchor investor in a Black-owned venture capital firm’s first strategy that closed last month with more than $60 million in commitments.
The firm has entered into a “leaders strategy” partnership to form a platform that aims to acquire companies and assets in the technology-enabled pharmaceutical solutions industry.
The system approved the commitment with an existing manager to continue to diversify the portfolio and realign to its asset allocation targets.
The foundation is considering a maiden alternatives allocation within its portfolio and weighing the addition of hedge fund, infrastructure and private debt investments to fund the allocation.
The firm closed its third fund above its $550 million initial target with the support of existing investors and a substantial personal commitment from its team.
The firm hired a partner to co-lead its 20-person private equity and venture capital team from CalPERS.