Alternatives
The plan approved four private equity and real estate commitments at today’s board meeting.
Plan’s new domestic mid-cap value equity manager will handle a 2.5% allocation.
The transaction is expected to close in the first quarter of 2023.
The university approved private equity, private real assets and public equity investments with new and existing managers within its endowment and liquidity pools.
The foundation made a commitment to a private equity manager as it looks to achieve net-zero carbon emissions in its portfolio by 2030.
The university disclosed follow-on commitments with two private equity managers made in the third quarter within its long-term portfolio.
He will help plan and execute future endeavors for the firm’s alternatives subsidiary.
The plan expects to issue RFPs for two investment consultants in November.
Plan will begin addressing high-level considerations and formulating plans to begin redeploying assets in private markets investments after halting new commitments since 2016.
The plan terminated an underperforming international equity manager and made a venture capital commitment last month.