Private Equity
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.
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.
