Private Equity
The plan committed $90 million total to new and existing manager relationships yesterday.
The plan approved private equity and non-core real estate commitments at today’s meeting.
The university will consider two private equity commitments at its investment committee this week after increasing its target to the asset class last year.
The firm has raised more than $850 million of impact and sustainable capital since early 2021, including the close of its most recent impact fund, which is almost four times larger than its predecessor fund.
The Chicago-based firm closed its 14th buyout fund with $11.5 billion in aggregate commitments, exceeding its initial $9.25 billion target.
The system approved a private equity commitment to an existing manager focused on enterprise software and information technology within its endowment last month.
The university approved adding a currency overlay manager and a venture capital strategy to its long-term portfolio last week.
The institution approved venture capital commitments to a firm that marks a new relationship and terminated a hedge fund manager for liquidity purposes and being overweight its targets to the strategies.
The commitment is part of a private equity buildout.
The plan amended its five-year asset allocation plan to include a maiden target to tactical opportunities and approved three pacing plans in alternatives asset classes last week.