Private Equity
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.
They will be responsible for the evaluation, due diligence and execution of new investments.