Private Equity
The board also named a new retirement manager.
The plan will consider issuing two consultant RFPs due to upcoming contract expirations and recently added a private equity commitment.
The plan concluded its private equity manager search conducted for pacing purposes.
The $300 million in total commitments went to existing managers.
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The tribe’s growth fund, which handles investments in energy, real estate and private equity, announced the launch of a new subsidiary to make majority and minority private equity investments in lower middle market companies.
The institution approved committing up to $20 million to an existing private equity manager with an additional co-investment with the firm at its investment committee meeting late last month.
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
The executive order, signed earlier this month, will limit or ban private fund managers from investing in certain technologies like computer chips or semiconductors in China.
The foundation approved a commitment to a buyout private equity strategy with a new investment manager in the second quarter.