Venture Capital
The pension plan also disclosed more than $500 million in private equity commitments.
The pension plan disclosed up to $170 million in private equity commitments made last month.
The university approved investing with a startup company recently launched from the institution’s ecosystem.
The firm closed on $850 million in new capital in 2025, increasing its assets under management to more than $2.6 billion, and is actively deploying funds.
The fund approved a venture capital commitment to a biotech firm last quarter.
The public utility fund approved a venture capital commitment earlier this month.
The state agency is seeking a firm to provide consulting and advisory services for its venture fund targeting small businesses or entrepreneurs across the state.
The university added new private equity and venture capital managers within its endowment earlier this year on the heels of new commitments to existing managers.
The governor vetoed legislation that would have mandated the state’s public universities invest a portion of their endowments into innovation funds, finding it did not adequately recognize the independent fiduciary responsibilities of the institutions.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.
