New England College revised the asset allocation for its endowment last year, increasing its allocation and long-term ranges to private equity and venture capital.
The plan approved credit and private equity commitments during today’s meeting as part of pacing plans for the respective asset classes.
He will support the due diligence process and drive the growth of portfolio companies.
The fund focuses on lower middle market buyouts and late-stage growth equity investments.
He will be responsible for private equity in the new role.
The fund focuses on pursuing opportunistic private equity investments in North America.
Plan’s investment committee will review a recommendation to rehire the incumbent consultant.
The plan replaced the cash overlay provider for its Commingled Trust Fund and approved two private equity commitments yesterday.
The plan will review allocation options in June after receiving educations at its board meeting yesterday.
The plan disclosed new private equity, credit, portable alpha and real estate commitments at a meeting today.