Private Equity
The searches will help fill out an asset allocation approved in 2021 that included new targets to the asset classes.
Smaller endowments should reassess their portfolios to incorporate private equity as opportunities for greater returns arise.
The plan’s general investment consultant informed the board that an RFP would go out this year.
The funds will invest in incubation, seed, Series A and Series B stage digital-health startups.
The plan will not commit any additional capital to the program due to potential issues, including conflicts of interest and lack of transparency.
The plan’s incumbent consultant was first hired in 2015.
Middle market private companies experienced year-over-year earnings and revenue growth of 11% each during January and February, according to a report from Golub Capital.
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.
The plan added $120 million across two commitments with existing manager relationships in recent weeks.
The firm promoted a director to managing director, two v.p.s as principals and a senior analyst to v.p.