Private Equity
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The tribe’s growth fund, which handles investments in energy, real estate and private equity, announced the launch of a new subsidiary to make majority and minority private equity investments in lower middle market companies.
The institution approved committing up to $20 million to an existing private equity manager with an additional co-investment with the firm at its investment committee meeting late last month.
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
The executive order, signed earlier this month, will limit or ban private fund managers from investing in certain technologies like computer chips or semiconductors in China.
The foundation approved a commitment to a buyout private equity strategy with a new investment manager in the second quarter.
The pension plan recently committed approximately $2.2 billion total to eight funds and terminated an existing credit strategy.
The plan has not made a new commitment to private equity since 2014.
The retirement system made $275 million in new alternatives commitments in recent months.
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.