The institution approved a commitment to an early-stage growth strategy that invests in consumer and consumer technology companies.
The plan made follow-on commitments and rehired its real estate consultant following an RFI process.
The commitment represents a new relationship for the plan.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The hire follows a global equity structure review emphasizing alpha generation.
The plan initiated both searches earlier this year for pacing purposes.
The university will consider adding an early-stage growth strategy with a new investment manager for its portfolio this week.
The plan is looking to make two to three commitments in the growth equity and buyout spaces by the end of the year.
The plan’s investment committee voted today to rehire its incumbent real estate investment consultant.
The plan committed to private equity and private debt for pacing purposes.