Private Equity
The university is considering selling a portion of its private equity portfolio as it looks to reposition its endowment under its new investment head, who began in the role last year.
The university also made redemptions from domestic and emerging markets equity managers.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
Atlantic Ridge Capital represents the first investment from Grafine Partners’ second institutional seeding fund.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The plan approved a $45 million commitment to the asset class at today’s meeting.
The retirement system’s most recent commitments totaled $615 million across four funds.
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.
The plan also recently added two public markets managers to its watch list.