Private Equity
The plan hopes to use proceeds to invest in other opportunities.
The plan has launched a general investment consultant search previously delayed due to COVID.
The plan recently made a venture capital and a value-add real estate commitment.
Plans approved alternatives commitments totaling $23 million this week.
The new hires will help expand Astara’s portfolio, the firm said.
The plan committed a total of $50 million to two funds for pacing purposes.
The plan disclosed several private equity commitments and one to private debt at a board meeting today.
Three senior investment professionals have spun out of a Southern endowment to create a new private markets platform supporting new and developing investment managers.
A university based on the West Coast is looking to commit $3 billion to private equity across its portfolios in 2021 as it looks to reach its target allocations to the asset class in the next five years.