Private Equity
The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.
Plan will review non-core real estate and private equity search reports provided by general investment consultant AndCo Consulting next month.
The fund will partner with and support entrepreneurs leading technology and healthcare companies.
The strategy is the largest private fund formed to decarbonize the real estate industry.
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.
They will help source new transactions, perform due diligence and support portfolio company management teams.
The plan committed $50 million to a new venture capital manager last week.
The new commitment follows one the plan made to a predecessor fund in 2019.