Private Equity
The university hired a private equity firm as its discretionary advisor last year, outsourcing the management of its endowment.
The commitments represent new manager relationships for the council.
The plan is looking to invest $10 million each with private equity and opportunistic fixed-income managers.
The commitments include a new manager relationship and a follow-on.
The healthcare technology and tech-enabled services focused firm closed its latest fund with nearly $500 million in commitments.
The plan committed $30 million to an existing private equity manager relationship at today’s board meeting.
The plan made four follow-on commitments totaling $625 million.
The university will review and discuss the investment policy and asset allocation for its endowment later this year, including increasing its private market allocations.
The firm’s second private equity fund closed nearly $300 million above its fundraising target.
The plan made three commitments with existing manager relationships.