Private Equity
Both limited and general partners agree that interest rates and inflation represent the biggest threats to private equity performance in a challenging macroeconomic environment, a new study finds.
The plan disclosed four private equity commitments yesterday.
The plan committed $4.4 million total to an existing venture capital manager relationship last month.
The search will be for a separate account manager to handle $400 million.
The plan authorized a search to replace a terminated domestic large-cap growth equity manager and will issue a private equity consultant RFQ soon.
The university will consider adding a currency overlay manager to take active positions in currencies and a venture capital strategy this week after increasing its target to the asset class in late 2022.
The university will consider committing $10 million across three underlying funds with a venture capital manager and fully terminating its investment with a hedge fund manager for diversification purposes.
The city hired two equity managers and three private markets firms.
The plan committed a total of $20 million to two funds offered by a private equity manager at its May 16 meeting.
The plan will consider three pacing plans at its board meeting this week and recently added a private equity commitment with an existing manager.