Venture Capital
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
A New York venture fund has raised more than $1 billion for its fund focused on cybersecurity companies.
The hires will conclude an RFP process that began in January.
The searches result from a new strategic asset allocation.
The pension plan received a recommendation from staff to amend its private equity sub-asset class targets last week.
The university approved recommendations to commit to climate solutions and venture capital strategies within its endowment at its March board meeting.
The university will consider commitments to climate solutions and venture capital strategies within its long-term portfolio at its board meeting this month.
The searches are for buyout, growth equity and venture capital strategies.
The plan may issue an RFP for minority-, women- and disabled-owned private equity managers as part of a 2024 pacing study approved yesterday.
The university and the investmen¬t arm of a European foundation have both committed to a venture fund focused on climate-related technologies that recently closed.