Private Equity
The plan made follow-on commitments totaling $925 million.
The plan hired a firm to handle its maiden commodities allocation and committed to an existing private equity manager yesterday.
The system was expected to review three private equity secondary fund-of-funds managers for its portfolio this week after beginning consideration of the strategies late last year.
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The investment consultant will advise on a new venture capital program.
The commitments include two new manager relationships.
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.