Alternatives
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.
The foundation added three new private equity managers to its portfolio in the second quarter as part of the build-out of its alternatives portfolio.
Organization consolidated its real assets portfolio with one new manger through the termination of a real assets and real estate manager.
Plan added $250 million in new commitments across the second quarter.
The board terminated three managers to “harmonize” the equity portfolios between its plans.
The plan is considering two private markets managers for its emerging manager program.
Plan disclosed up to $189.5 million in new venture capital and real estate commitments.
The plan made a commitment to one new manager alongside two follow-on commitments.
The plan committed $25 million to a buyout strategy last month.
The plan’s board committed $50 million total to a new private equity manager and was notified of a $30 million co-investment yesterday.