Alternatives
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.
The plan added a $100 million direct lending commitment to an existing manager relationship.
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.
The plan terminated an EAFE value equity manager that had been placed on watch in June for underperformance.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The plan will issue an RFP for non-discretionary and discretionary services in January.
The foundation has added a private equity strategy and an active global equity fund as part of its commitment to achieve net-zero carbon emissions across its endowment.
The university added real estate and venture capital commitments as it continues deliberations concerning fossil fuel divestment.
The plan disclosed recent private equity, real assets and private credit commitments made in the last five months.
