Alternatives
Private equity and credit stand poised to continue dominating nonprofit mandates for the next year to two years, according to a new study of outsourced cio providers.
The state trust fund added two private equity buyout strategies in December as part of the buildout of its private equity and alternative investment portfolio.
The firm closed it latest strategy above its target at its hard cap of $275 million.
The firm announced the final close of its inaugural fund at its hard cap of $1.5 billion.
The firm has hired a director of research to lead its development of in-depth research in technology in support of the firm’s sourcing of opportunities in secondary markets for investors.
The foundation added a private infrastructure fund and a hedge fund strategy to its portfolio in the second quarter, marking new relationships for the institution.
The plan closed on private equity and private credit commitments totaling up to $85 million in early November.
The plan added $100 million across three new commitments this month.
The plan committed $25 million to an existing fund-of-funds relationship in November.
New survey finds endowments and foundations will lean on private market investments and reduced costs to potentially as new pressures present themselves.
