Private Equity
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.
The plan’s board is slated to approve Wilshire as its new general investment consultant this week.
The plan made commitments totaling up to $321.4 million this week and was informed of a private equity co-investment.
The plan’s private equity committee received three investment recommendations last week and made two commitments in March.
The RFP is slated for approval at the plan’s meeting next month.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The university will consider gradually eliminating its fossil fuel exposures as well as pivot its target allocation toward illiquid strategies within its endowment this week.
