Private Equity
The commitments were made under the plan’s delegated authority.
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.
The agency has selected five venture capital fund managers to launch an $100 million venture capital fund targeting startups in the state.
The search is open to North American focused private equity fund-of-funds.
The plan made five commitments with existing manager relationships.
The plan will hear from a total of 10 managers in its global equity and private equity searches.
The RFP will be issued on the plan’s website “shortly.”
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.