Private Equity
The plan created a 3% target to private equity at its board meeting this week.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The firm has partnered with a financial technology company to launch a blockchain option within its private assets fund.
The university is an anchor investor in a Black-owned venture capital firm’s first strategy that closed last month with more than $60 million in commitments.
The firm has entered into a “leaders strategy” partnership to form a platform that aims to acquire companies and assets in the technology-enabled pharmaceutical solutions industry.
The firm closed its third fund above its $550 million initial target with the support of existing investors and a substantial personal commitment from its team.
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.
The plan terminated an EAFE value equity manager that had been placed on watch in June for underperformance.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The plan is looking to fill a 5% target to liquid real assets within its OPEB portfolio approved over the summer.