Alternatives
The fund wrapped up its search for multi-strategy hedge fund managers with two firms that will supplement and complement its existing hedge fund manager.
The university increased its targets to private equity and global equity at the expense of hedge funds.
The transaction is expected to close no later than the middle of 2023.
Two managers were selected to manage the capital investment vehicle designed to channel private capital to mission-driven banks due to their complementary backgrounds.
The plan added up to $340 million in commitments to existing private equity and real estate manager relationships.
The plan added up to $1.625 billion in new commitments at last week’s meetings.
The plan committed $910 million total to one new manager and two existing managers this week.
The commitment will fit into the debt-related special situations bucket of the plan’s private equity portfolio.
The plan disclosed two private equity commitments and its exposure to the bankrupt cryptocurrency exchange yesterday.
The firm added two operating partners to work with management and investment teams to build value with its portfolio companies.