Alternatives
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.
The plan committed $130 million total to four existing managers and one new manager in June.
The commitment is part of the plan’s annual pacing schedule.
The plan disclosed 14 recent commitments and an equity manager termination.
The firm will now be based in a Southern state after originally operating out of Boston.
The foundation has added a venture capital firm targeting minority tech entrepreneurs to its portfolio as it looks to boost its impact investment portfolio.
The plan made commitments to three existing managers and investments with three developed markets equity managers.
The university is looking to hire an investment associate focused on private investments and real assets.
Plan will target $150 million in non-core real estate commitments in fiscal year 2022-2023.
The plan concluded two manager searches this week.