Alternatives
The firm closed its inaugural special situations fund with over $85 million in commitments from new and existing institutional investors after beginning fundraising in late 2021.
Plan is looking for a firm to fill out its unfunded 5% target to private debt.
The plan added a re-up commitment to an existing relationship.
The plan will issue a general investment consultant RFP due to an upcoming contract expiration and conduct an asset allocation study to consider eliminating its risk parity asset allocation.
The private credit fund focuses on asset-backed investments.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The plan, which launched an invitation-only search this year, will make a decision next week.
The firm has partnered with a financial technology company to launch a blockchain option within its private assets fund.
The university is an anchor investor in a Black-owned venture capital firm’s first strategy that closed last month with more than $60 million in commitments.
The firm has entered into a “leaders strategy” partnership to form a platform that aims to acquire companies and assets in the technology-enabled pharmaceutical solutions industry.