Venture Capital
The venture capital manager recently closed its first climate tech fund-of-funds at its hard cap with commitments from large endowments and foundations.
The commitment goes to a fund that will make local investments.
The university approved a venture capital commitment with a firm founded in 2023 at its February board meeting.
The institution will consider a venture capital commitment to a recently launched investment manager at its board meeting this week.
The plan approved two commitments previously approved by its investment committee last month.
The retirement fund liquidated a $243 million international equity mandate and made commitments totaling $770 million in December.
The plan will seek full board approval for two private markets commitments next month.
The search is for due diligence purposes as the plan has worked with its incumbent for “decades.”
A report finds that 60% of private equity and venture capital industry professionals expect to see greater cash earnings this year, down from 65% last year.
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.