Private Equity
The plan hired a convertibles manager within its non-core fixed-income portfolio last quarter.
The plan made commitments to existing relationships, added a new credit manager and approved the hire of a new public markets consultant at its Feb. 16 meeting.
The plan hired an international growth equity manager and committed to two existing private equity managers last month.
The plan has $39 million remaining to be committed to three private equity funds in 2023.
The plan disclosed private equity, tangible assets and real estate commitments with existing managers at its meeting yesterday.
The search will begin in the next three to six months due to the upcoming contract expiration of the incumbent.
The plan authorized two private equity fund-of-funds searches and terminated two managers within its diversified strategies portfolio as the result of a new asset allocation policy.
The firm appointed a platform partner to coach portfolio companies and build and implement the firm’s internal technology stack on the heels of hiring three investment team members.
The university disclosed follow-on credit, venture capital and real estate commitments made in the fourth quarter of 2022 within its long-term portfolio.
The plan added a European private equity commitment last week.