Private Equity
The retirement system made commitments to one firm for private equity and private debt.
The university will consider commitments to climate solutions and venture capital strategies within its long-term portfolio at its board meeting this month.
The plan approved two private equity commitments at its board meeting last week.
The searches are for buyout, growth equity and venture capital strategies.
The retirement system committed $500 million to four existing managers.
The plan committed $60 million across three funds at its board meeting today.
Continuation funds within the broad private equity space are increasing in popularity and, depending on liquidity needs, these vehicles can provide opportunity for increased returns within LPs’ diversified portfolios in the current market environment.
The plan may issue an RFP for minority-, women- and disabled-owned private equity managers as part of a 2024 pacing study approved yesterday.
The foundation is eyeing more impact investments this year as it also reviews its fixed-income allocations.
The university and the investmen¬t arm of a European foundation have both committed to a venture fund focused on climate-related technologies that recently closed.