Private Equity
The commitments were recommended in closed session of yesterday’s board meeting.
The plan’s private equity committee received two investment recommendations earlier this month and approved two commitments in February.
Investors in the fund include the New York State Common Retirement Fund.
The firm has closed its latest fund, a venture capital strategy focused on rejuvenating the ecological health of the world’s oceans, above its initial target.
The university disclosed follow-on commitments to existing credit, venture capital and private equity manager relationships made between September 2022 and January.
The plan made a $5 million commitment at its board meeting this week.
Venture capital investors are expressing concern over the support for specialized banks that have provided numerous resources to the industry in light of the recent collapse of Silicon Valley Bank.
The plan will hold a second round of finalist interviews in its consultant search next month and committed to an existing private equity manager in February.
The plan made a pair of private credit commitments and one private equity commitment last month.
The manager has trailed its benchmark for two consecutive quarters.
