Private Equity
A university based in New England is contemplating a new dedicated private equity allocation within one of its investment pools.
The plan made private credit, private equity and real estate commitments at recent investment committee meetings.
The plan hired two firms that will target emerging and diverse private equity, real estate and private credit managers.
The funds will provide access to high-quality primaries, secondaries and co-investments.
The managing director will spearhead investor relations for the firm’s credit platform.
The plan committed $12 million total to its new private equity and private credit asset classes.
The plan recently placed an international large-cap equity manager on watch due to underperformance and made $80 million in total private equity commitments.
He will identify and pursue opportunities to enhance value and further scale the firm’s portfolio companies.
The fund will focus on the services, technology and consumer sectors.