Private Equity
The fund focuses on performing privately originated credit investments in the Asia Pacific region.
The system recently added a long/short hedge fund investment with a new manager and two venture capital commitments with an existing manager in its endowment.
Plan approved four fund commitments totaling more than $360 million today.
He will focus on identifying, evaluating and executing investment opportunities.
The fund will invest across the business and financial services, healthcare, industrial, retail, consumer and leisure and technology sectors.
The foundation hired a private credit manager and made commitments to two existing private equity managers during the first quarter.
Plan made commitments to eight existing managers and one new manager last month.
Plan’s new global credit manager will handle an approximately $700 million mandate.
The plan made a $20 million commitment at its special meeting yesterday and anticipates making annual commitments to additional funds moving forward.
Plan added a $15 million commitments the first of five total to be proposed in 2022.
