Venture Capital
Nonprofits still see opportunities in alternative asset classes, like smaller or specialized buyout strategies, venture funds or private debt strategies that benefit from macro trends like the higher interest rates, rapid development of artificial intelligence or transition to clean energy.
The university made private infrastructure, growth equity and venture capital commitments within its endowment during the third and fourth quarters.
The commitments include three new relationships for the plan.
A total of six new commitments and two terminations were reported this month.
The institution approved new hedge fund, private equity and venture capital commitments in the fourth quarter.
The early-stage climate and sustainability venture firm closed its third flagship fund over its target with commitments from leading endowments, foundations, pensions and sovereign wealth funds globally.
The fund expects to hear recommendations on adding private credit, venture capital and public fixed-income managers over the next quarter and a half.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
The plan recently made five real assets and venture capital commitments.
The firm has added a managing director to oversee its pre-seed investment strategy and portfolio that focuses on sourcing, investing and scaling high-growth, early-stage tech startups.
