Private Equity
Plan added commitments to real estate and venture capital funds at this month’s board meeting.
The plan terminated a domestic small-cap core equity manager and made a private equity commitment with an existing manager this week.
He is responsible for developing Fidelity’s private asset capabilities globally.
The plan added two private equity commitments and announced the departure of an assistant senior investment officer for real estate at its board meeting yesterday.
A plan in the Mid-Atlantic region made a $7 million commitment to a private equity fund this week.
A Western health trust fund has posted an RFP for investment consulting services.
A university in New England approved a private equity commitment within its endowment at the recommendation of its new investment consultant last month.
The plan will issue an RFP in the spring for domestic small-cap equity managers.
The plan will hire five emerging managers-of-managers to oversee $1 billion.
The fund will invest in a global portfolio of secondary assets, primary blue chip private equity funds and co-investments diversified by manager, geography, stage and vintage with an attractive private equity risk/reward profile.