Private Equity
The pension plan agreed to increase its global equities target by reducing its global private equity target from Oct. 1 through Dec. 31, 2024.
The plan received information on a total of 15 managers at its meeting today.
The plan made private equity and private credit commitments for pacing purposes.
The foundation has added four investments with new diverse managers within its portfolio after adopting an investment strategy with a racial equity lens in the first quarter.
The university disclosed follow-on private equity, venture capital and private credit commitments with existing managers within its long-term portfolio in the second and third quarters.
The plan added approximately $300 million in commitments across August and September.
The foundation made a commitment to a local venture fund that aims to boost businesses owned by people of color in the region.
The pension plan committed $10 million to an existing private equity manager relationship and approved a 2024 private markets pacing plan in May.
The plan also made two follow-on private equity commitments.
The institution added private equity and event-driven hedge fund strategies within its endowment in the first and second quarters, while also fully redeeming from a hedge fund manager.
