Private Equity
Fund IV closes with $865 million in commitments, the largest in the firm’s history.
The pension system added $340 million in private markets commitments in the second quarter.
The university approved adding new private equity managers as well as re-upping a commitment with an existing venture capital manager within its endowment.
The firm is launching a venture capital fund that will invest in early-stage companies using climate technology and artificial intelligence to improve real assets.
The pension fund added a $10 million commitment to a new manager relationship this month.
The fund will consider increasing portfolio leverage at its next board meeting as it also looks to reposition its venture capital program to exploit new market opportunities.
The plan also made a private equity commitment in June.
The plan disclosed more than $250 million in private markets commitments made in recent months.
The plan disclosed three commitments totaling $275 million.
The board will hire a new private equity manager in October.
