Private Equity
The university has increased its targets to private equity and real assets at the expense of global equity and marketable alternatives to improve its portfolio’s return and risk profile.
The college increased its endowment toward private equity and venture capital and increased its long-term ranges to the asset class for a second consecutive year.
The plan’s new private markets allocation will consist of one-third private equity, one-third private debt and one-third real estate/real assets.
The university approved five new commitments totaling $81 million to private equity, venture capital, private credit and hedge fund strategies within its endowment.
The plan liquidated its emerging markets equity fund-of-funds mandate and made $1.3 billion in total commitments in June.
Plan bolstered its private equity and private infrastructure allocations with commitments to two existing manager relationships.
The plan disclosed two private equity commitments to new managers at yesterday’s board meeting.
The plan concluded its investment consultant and private investment consultant searches that began last year, retaining its general consultant and hiring a new private investment consultant.
The alternatives firm has entered into a definitive agreement to acquire an Asia-focused private equity manager with almost $4 billion in assets under management.
The firm hired a managing director for its buyout strategy to identify, evaluate and lead new investment opportunities.
