Venture Capital
The university will consider adding a currency overlay manager to take active positions in currencies and a venture capital strategy this week after increasing its target to the asset class in late 2022.
The university will consider committing $10 million across three underlying funds with a venture capital manager and fully terminating its investment with a hedge fund manager for diversification purposes.
The plan committed a total of $20 million to two funds offered by a private equity manager at its May 16 meeting.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The university will consider gradually eliminating its fossil fuel exposures as well as pivot its target allocation toward illiquid strategies within its endowment this week.
The plan made private equity and real estate commitments with two new managers and five existing managers in March.
Most endowments are increasing risk and turning a blind eye to human rights violations and abuses related to labor, privacy.
The plan added two core-plus fixed-income managers to the portfolio and made 11 alternatives commitments in the first quarter.
The investment consultant will advise on a new venture capital program.
The funds will invest in incubation, seed, Series A and Series B stage digital-health startups.