Private Equity
The firm announced promotions for several members of its investment team, including a principal being named managing director and two v.p.s being named principals.
The Southern private equity manager has promoted its director of ESG and human capital to head of ESG to lead its ESG processes and initiatives.
The endowment recently made a new private equity commitment with a buyout strategy focused on the technology, healthcare consumer services and retail, financial services and information, content and business services sectors.
All five commitments were made to existing manager relationships.
The plan rehired its incumbent private equity consultant last month.
The board will consider hiring a new public markets consultant later this month.
The plan committed $300 million total to two managers this month and was informed of two private equity co-investments.
The plan made a $25 million re-up with an existing fund at its investment committee meeting this week while also opting to rescind a private debt commitment due to delays in deploying capital.
The plan increased its target allocations to credit and hedge funds last month and recently approved three commitments totaling $125 million.
The plan has begun searches for international equity and core and non-core real estate managers.
