Alternatives
Nonprofit investors should look for niche private credit opportunities as they can provide portfolio diversification and strong yields with less beta market risk than mid-market direct lending strategies, which represent the lion’s share of the private credit universe.
The university added a new hedge fund manager and committed to an existing private equity manager within its endowment in the third quarter.
The investment fund is seeking large-market private equity buyout and non-core infrastructure strategies.
The retirement fund made commitments totaling $2.7 billion in August.
The plan committed to three private equity funds following finalist interviews at a meeting today.
The plan also narrowed its general investment consultant search to two finalists.
The commitments include first time investments with three managers.
The plan also added several new equity managers to the program.
The fund will consider adding international equity, private equity co-investment and private credit secondaries strategies to its portfolio this week.
The firm has raised $100 million for its second early-stage venture fund, which invests in gaming and consumer internet startups.