Private Equity
The foundation is seeking an investment consultant to advise its investment portfolio as it also explores increasing its private equity and debt allocations.
The retirement system will commit $150 million across the two asset classes next year.
The system approved an infrastructure commitment with a new manager alongside buyout and venture commitments with existing managers within its endowment this month.
The retirement system committed to an existing private equity manager relationship in the second quarter.
The investment board disclosed a domestic small-cap core equity manager termination and private markets commitments totaling $95 million today.
The commitments total more than $700 million.
Institutional and individual investors are continuing to embrace private markets strategies in search of diversification and higher returns amid ongoing market volatility and geopolitical uncertainty, according to a new report.
The oversubscribed fund closed at its hard cap of $600 million in total commitments in less than three months.
The institution approved a financing agreement for an up to 10% stake in a company developing a new retinoid therapy.