Venture Capital
Market enthusiasm generated by the rapid development of new artificial intelligence products has may signal innovation and growth in the long term, though some of that enthusiasm may have led the markets to overvalue some public equity stocks or venture funds in the short-term, according to an outsourced cio.
The fund will consider approving venture capital commitments to two new investment managers this month as part of its private equity pacing plan.
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.”