Alternatives
The plan added follow-on real estate and real assets commitments at today’s board meeting.
The university approved private credit, real estate and private equity buyout commitments with new managers in the second quarter.
The policy will allow staff to take advantage of time-sensitive investment opportunities.
The plan made commitments with two existing managers’ latest funds.
The plan will interview two private equity managers and an infrastructure manager at its November board meeting.
The plan increased its total private markets target as the portfolio is currently overweight to private equity and private real assets and recently placed an MSCI EAFE Index fund manager on watch due to underperformance.
The institution has drafted a private equity co-investment policy framework alongside its general investment consultant that will be presented at a future meeting.
The university disclosed follow-on commitments with five venture capital managers made in the second quarter.
The foundation is looking to build out its private investment allocations to reach its asset allocation targets in the near future.
The fund approved an up to $300 million commitment with a minimum investment of $250 million to an existing real estate manager.