Private Equity
The Midwestern university-affiliated foundation added a global private equity commitment to an existing manager in the third quarter.
The plan is expected to receive a recommendation in its ongoing private equity manager search at a December board meeting.
Plan will review a proposed commitment next month after its latest board meeting did not have a quorum for a vote.
The plan committed $8 million each to a private equity fund-of-funds and a managed income strategy in October.
The plan’s general investment consultant will report back on its due diligence meeting with the firm.
The plan approved a commitment to one of its strongest asset class.
Plan will review additional opportunities in January after rescinding a private equity fund-of-funds commitment approved in July.
The New York-based venture capital manager has closed its oversubscribed early-stage decarbonization strategy.
The plan committed to two managers following closed session discussions.
The Western-based firm closed its inaugural fund, which invests in early-stage climate tech companies, with approximately $90 million in total commitments, above its $50 million target.
