Private Equity
The plan made a $10 million commitment to the next fund offering of an existing manager.
Hamilton Lane predicts that evergreen funds will grow faster than the overall rate of public markets over the next five years.
The plan’s commitments from earlier this month include a new relationship.
The West Coast-based foundation committed to a seed-stage venture capital manager’s debut fund, which recently closed and was oversubscribed.
The pension system committed $170 million across three strategies in the fourth quarter.
The fund exceeded its initial $1.5 billion fundraising target.
The retirement system added three more commitments to Lightspeed Venture Partners.
The pension plan recently approved three commitments totaling $165 million.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
With Founder and CIO Roger Vincent at the helm, Summation Capital is a new asset management industry fund-of-funds known for its endowment style approach to private equity investing. Read how Roger and the Summation team doing things differently.