Private Equity
The fund approved a new asset allocation for its portfolio as well as a private equity commitment to an existing manager relationship at its special board meeting last month.
The plan added $500 million across three new alternatives commitments in the fourth quarter.
The plan is seeking buyout, secondaries and open-end core infrastructure funds.
The indirect impact of the Silicon Valley Bank situation on institutional investors will take time to fully assess as Federal Reserve actions to backdrop depositors is digested by the markets.
The latest commitment will be the plan’s fifth overall investment with the firm.
The plan made private equity commitments totaling $60 million this week.
The plan made the commitment alongside approving a 3% target to the asset class at today’s board meeting.
The plan fully redeemed a market-neutral investment and will consider an international small-cap value equity manager hire.
The plan committed $911 million total to a core real estate strategy and three buyout funds yesterday.
The hospital is seeking an investment associate to manage its private real assets and private equity investments with a focus on venture capital.
