Alternatives
The plan added commitments totaling $45 million in the last several months.
Plan disclosed $415 million in recent alternatives commitments from December.
The fund wrapped up its search for multi-strategy hedge fund managers with two firms that will supplement and complement its existing hedge fund manager.
The university increased its targets to private equity and global equity at the expense of hedge funds.
The transaction is expected to close no later than the middle of 2023.
Two managers were selected to manage the capital investment vehicle designed to channel private capital to mission-driven banks due to their complementary backgrounds.
The plan added up to $340 million in commitments to existing private equity and real estate manager relationships.
The plan added up to $1.625 billion in new commitments at last week’s meetings.
The plan committed $910 million total to one new manager and two existing managers this week.
The commitment will fit into the debt-related special situations bucket of the plan’s private equity portfolio.