Private Equity
The university foundation added several strategies spanning private equity, domestic equity, commodities and high-yield and investment grade fixed-income within its endowment last year.
The university approved commitments with three existing venture capital firms in late 2022.
The plan adjusted its asset allocation policy to reflect its progress toward an 11% long-term private equity target and also approved two commitments in September.
The plan approved one private equity commitment and opted against a second last week.
The plan will begin a search for core fixed-income managers next month.
Plan disclosed $415 million in recent alternatives commitments from December.
The university increased its targets to private equity and global equity at the expense of hedge funds.
The plan made commitments to two existing managers at a meeting last month.
The plan added up to $340 million in commitments to existing private equity and real estate manager relationships.
The plan added up to $1.625 billion in new commitments at last week’s meetings.
