Private Equity
The university disclosed follow-on commitments to existing credit, venture capital and private equity manager relationships made between September 2022 and January.
The plan made a $5 million commitment at its board meeting this week.
Venture capital investors are expressing concern over the support for specialized banks that have provided numerous resources to the industry in light of the recent collapse of Silicon Valley Bank.
The plan will hold a second round of finalist interviews in its consultant search next month and committed to an existing private equity manager in February.
The plan made a pair of private credit commitments and one private equity commitment last month.
The manager has trailed its benchmark for two consecutive quarters.
The fund approved a new asset allocation for its portfolio as well as a private equity commitment to an existing manager relationship at its special board meeting last month.
The plan added $500 million across three new alternatives commitments in the fourth quarter.
The plan is seeking buyout, secondaries and open-end core infrastructure funds.
The indirect impact of the Silicon Valley Bank situation on institutional investors will take time to fully assess as Federal Reserve actions to backdrop depositors is digested by the markets.