Private Equity
The plan approved a pair of commitments at today’s board meeting.
The plan committed $134.4 million total to three investment managers last week.
The system approved a private equity commitment to an existing manager within its endowment last month.
The university approved a private equity commitment to a new manager within its endowment fund alongside changes to its investment policy.
The plan committed to a new private equity manager relationship and trimmed its real estate portfolio.
The plan committed to three funds run by new manager relationships.
The plan added $15 million in follow-on commitments across two funds in March.
The plan approved a private equity commitment and was informed of staff-delegated investments this week.
The plan will include its two incumbent international value equity managers in a search to review the asset class universe.
The searches will help fill out an asset allocation approved in 2021 that included new targets to the asset classes.