Private Equity
The commitments were made under the discretion of staff.
The plan received private debt and private equity pacing plans at its investment committee meeting this week.
The RFP will be issued next month as part of a private markets pacing plan.
A report finds that 60% of private equity and venture capital industry professionals expect to see greater cash earnings this year, down from 65% last year.
The pension plan’s cio recently approved two private equity commitments.
The searches are for international small-cap equity, emerging markets equity, real estate, private equity and private debt managers.
Nonprofits still see opportunities in alternative asset classes, like smaller or specialized buyout strategies, venture funds or private debt strategies that benefit from macro trends like the higher interest rates, rapid development of artificial intelligence or transition to clean energy.
The university made private infrastructure, growth equity and venture capital commitments within its endowment during the third and fourth quarters.
The commitments include three new relationships for the plan.
The plan made several commitments in alternatives asset classes in November and December.