Venture Capital
The state authority is seeking firms to deploy capital on behalf of four fund opportunities.
The institution hired two domestic small-cap equity managers and added two venture capital commitments with existing managers at a meeting late last week.
New allocation is contingent on full board approval after receiving approval from the investment committee this week.
The commitments include two new relationships for the council.
The search is open to buyout, growth equity and venture capital strategies.
The plan’s private equity committee considered three commitments totaling $90 million this month.
The plan disclosed $183.5 million in recent private equity, private credit and real assets commitments this week.
The firm appointed a platform partner to coach portfolio companies and build and implement the firm’s internal technology stack on the heels of hiring three investment team members.
The university disclosed follow-on credit, venture capital and real estate commitments made in the fourth quarter of 2022 within its long-term portfolio.
The pacing plan will target a total of $80 million to the asset class.