Alternatives
The university is looking to add private equity strategies to its endowment after recently increasing its target allocation to the asset class by 5%.
The plan initiated a search for a private equity emerging manager to fill a commitment capped at $10 million and completed a core real estate search this week.
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.
