Private Equity
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.
The firm closed its private equity strategy, which focuses on control investments in franchisor and multi-unit companies, with almost $600 million in total commitments, surpassing its $475 million target.
The plan will conduct a search for multi-asset class credit investment strategies.
Plan is eyeing searches for active emerging market debt and private markets secondaries strategies following initial discussion earlier this month.
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.
The plan committed to two private equity strategies and a maiden infrastructure investment.
The plan disclosed recent commitments from both the public and private markets.
The fund added a private credit manager as part of the buildout of the asset class over the last 18 months as well as a private equity secondaries fund focused on distressed assets.
The plan expects to commit to buyouts and special situations funds for the next three years.
The university has increased its targets to private equity and real assets at the expense of global equity and marketable alternatives to improve its portfolio’s return and risk profile.