Venture Capital
The plan liquidated its inhouse passive global equity mandate and made $1.6 billion in total commitments in April.
Plan added a $50 million commitment to an existing manager relationship.
The institution approved venture capital commitments to a firm that marks a new relationship and terminated a hedge fund manager for liquidity purposes and being overweight its targets to the strategies.
The plan committed $4.4 million total to an existing venture capital manager relationship last month.
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.