Venture Capital
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.
The plan disclosed $668 million in total commitments with one new manager and twelve existing managers in the fiscal second quarter.
The private markets commitments were to two existing manager relationships.