Private Equity
The institution selected a climate reporting consultant following a search from February and added hedge fund and real estate investments with existing managers during the first quarter.
The plan is seeking primary funds and fund-of-funds structures across buyout, growth equity and secondaries strategies as well as co-investments.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plan confirmed it is “not moving forward” with its up to $130 million commitment to Insight Partners Fund XIII and related investment vehicles that was approved at a June 9 board meeting.
The university recently committed to a venture capital fund launched by the team behind its startup incubator.
The church pension hired a new core fixed-income manager in addition to investments and co-investments in private equity and real estate in June.
Plan finalized a $40 million private equity commitment late last week.
The fund will hold a first reading of proposed changes to its investment policy statement and strategic asset allocation, including increased allocations to fixed-income and hedge funds, at its June 29 board meeting.
The plan committed to new funds by exiting managers at a meeting last week.
The university added three private equity managers and redeemed from two hedge fund managers in the first half of 2023 in accordance with a new investment policy approved in late 2022.