Private Equity
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.
The plan will also interview three diverse-focused private equity managers next month.
The plan will issue an RFP for non-discretionary and discretionary services in January.
The plan will first issue the fixed-income and private equity RFPs in the next two months.
The foundation has added a private equity strategy and an active global equity fund as part of its commitment to achieve net-zero carbon emissions across its endowment.
The university added real estate and venture capital commitments as it continues deliberations concerning fossil fuel divestment.