Private Equity
The university approved five new commitments totaling $81 million to private equity, venture capital, private credit and hedge fund strategies within its endowment.
The plan liquidated its emerging markets equity fund-of-funds mandate and made $1.3 billion in total commitments in June.
Plan bolstered its private equity and private infrastructure allocations with commitments to two existing manager relationships.
The plan disclosed two private equity commitments to new managers at yesterday’s board meeting.
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.