Private Equity
The plan disclosed two private equity commitments at a board meeting yesterday.
The commitment represents a new relationship for the plan.
Plan also expects to receive an international value equity manager search update form its consultant later this month.
The plan liquidated its inhouse passive global equity mandate and made $1.6 billion in total commitments in April.
Plan added a $50 million commitment to an existing manager relationship.
Plan added $315 million in alternatives commitments with existing manager relationships last week.
The fund approved a revision to its investment policy statement to lift its prohibition of privately placed securities as requested by one its international large-cap equity managers and recommended by its general investment consultant.
The university approved distressed debt and private equity commitments with existing managers within its endowment at its May investment committee meeting.
The firm recently held a first close of its climate private equity strategy with $500 million in capital commitments.
The university approved buyout and growth equity commitments with private equity managers that represent new relationships for the institution.
