Private Equity
The plan disclosed private equity, tangible assets and real estate commitments with existing managers at its meeting yesterday.
The search will begin in the next three to six months due to the upcoming contract expiration of the incumbent.
The plan authorized two private equity fund-of-funds searches and terminated two managers within its diversified strategies portfolio as the result of a new asset allocation policy.
The firm appointed a platform partner to coach portfolio companies and build and implement the firm’s internal technology stack on the heels of hiring three investment team members.
The university disclosed follow-on credit, venture capital and real estate commitments made in the fourth quarter of 2022 within its long-term portfolio.
The plan added a European private equity commitment last week.
The pacing plan will target a total of $80 million to the asset class.
The plan disclosed $668 million in total commitments with one new manager and twelve existing managers in the fiscal second quarter.
Plan is seeking a dedicated long-only Japan public equity manager.
The private markets commitments were to two existing manager relationships.