Mid-Atlantic Plan Keeps Int’l Equity Mgr. On Watch
Plan added up to $1.6 billion in private equity and real estate commitments and disclosed a new private equity investment officer hire.
Plan rejected the commitment after receiving additional information about the firm’s ongoing litigation yesterday.
Plan disclosed commitments totaling $82 million and approved alternative investment pacing plans today.
The fund will focus on business and tech-enabled services, consumer, financial services and software and technology.
The college is looking to add private equity investments, including growth equity, buyouts and venture capital.
Target asset allocation changes under consideration for the system’s largest pool would ensure the portfolio is prudently allocated to withstand further disruptions to the market and economy.
Plan closed on three private equity commitments totaling up to $88.5 million in May.
The fund is focused on investments at the Series B and C stages.
Plan committed an additional $350 million to its in-state private equity investment program, which was established in 2000.