Alternatives
Plan will search for private equity managers to fill a new 5% target to the asset class at today’s board meeting.
The plan committed $50 million to a new venture capital manager last week.
The plan liquidated its $8.5 million hedge fund-of-funds mandate in May.
The new commitment follows one the plan made to a predecessor fund in 2019.
The commitments to the two managers totaled $200 million.
Plan approved a $2 million secondaries commitment at a meeting this week.
Plan will a new 5% target to private equity after reviewing a search report last quarter.
The plan committed to two funds following finalist interviews this week.
The foundation will search for impact investments after adopting an ESG-integrated and impact investment strategy to mitigate the negative impacts of climate change.
The university will consider a real estate commitment with a new firm after disclosing follow-on commitments to existing venture capital, private equity and real estate fund managers.