Private Equity
The plan approved commitments of up to $40 million each to two strategies.
The plan will look to commit $100 million to private equity and $60 million to real estate this year.
The university approved private equity, real asset, international equity and fixed-income investments with new managers in the second half of 2022.
The $200 million in total committed capital includes a new manager relationship.
The plan narrowed its domestic small-cap value equity search to three finalists and concluded its diverse fund-of-funds search.
The plan committed a total of $350 million across two commitments at today’s meeting.
The plan will look to add private credit, re-establish its private equity portfolio, add complementary real estate strategies and evaluate its domestic equity portfolio this year.
As nonprofit investors expect market volatility to continue, with the possibility of an economic recession on the horizon, many are seeking early-stage private equity, private debt, real estate, infrastructure or hedge fund strategies to capitalize on macro trends that include a slowdown in economic growth, rising inflation, emerging technologies and demographic trends.
The university added a private equity commitment and a hedge fund investment with new firms in the second quarter.
The plan expects to choose a private credit consultant following finalist interviews with three firms scheduled for tomorrow.