Infrastructure
Nonprofits still see opportunities in alternative asset classes, like smaller or specialized buyout strategies, venture funds or private debt strategies that benefit from macro trends like the higher interest rates, rapid development of artificial intelligence or transition to clean energy.
The university made private infrastructure, growth equity and venture capital commitments within its endowment during the third and fourth quarters.
A total of six new commitments and two terminations were reported this month.
The plan also committed to a non-core real estate fund and will redeem from a core fund.
The plan also revised its upcoming fixed-income and international equity manager search timelines.
The plan selected two firms in its infrastructure manager search.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
The firm announced the final close of its inaugural fund at its hard cap of $1.5 billion.
The foundation added a private infrastructure fund and a hedge fund strategy to its portfolio in the second quarter, marking new relationships for the institution.