Private Equity
Plan added a secondaries commitment to its portfolio this week.
Plan’s decision to move all of its fixed-income assets in-house will reduce its annual fees.
The commitments include three first-time investments.
The fund will identify and pursue private credit opportunities in the U.S. and Canada.
Commitment represents a new relationship for the plan.
The institution made the bevy of commitments with existing managers within its long-term portfolio between October and January.
A university based in California will invest in growth-stage startups affiliated with the institution.
Fund will focus on the technology, industrial and consumer sectors.
The plan committed to a buyout fund and an opportunistic real estate fund at its board meeting yesterday.
The manager has underperformed its Russell 1000 Growth Index.
