Private Equity
The plan concluded its investment consultant and private investment consultant searches that began last year, retaining its general consultant and hiring a new private investment consultant.
The alternatives firm has entered into a definitive agreement to acquire an Asia-focused private equity manager with almost $4 billion in assets under management.
The firm hired a managing director for its buyout strategy to identify, evaluate and lead new investment opportunities.
The institution approved a commitment to an early-stage growth strategy that invests in consumer and consumer technology companies.
The plan made follow-on commitments and rehired its real estate consultant following an RFI process.
The commitment represents a new relationship for the plan.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The hire follows a global equity structure review emphasizing alpha generation.
The plan initiated both searches earlier this year for pacing purposes.
The university will consider adding an early-stage growth strategy with a new investment manager for its portfolio this week.