Venture Capital
The college increased its endowment toward private equity and venture capital and increased its long-term ranges to the asset class for a second consecutive year.
The university approved five new commitments totaling $81 million to private equity, venture capital, private credit and hedge fund strategies within its endowment.
The plan liquidated its emerging markets equity fund-of-funds mandate and made $1.3 billion in total commitments in June.
The university will consider adding an early-stage growth strategy with a new investment manager for its portfolio this week.
The plan is seeking one or more firms to provide non-discretionary consulting services for three asset classes.
The university recently committed to a venture capital fund launched by the team behind its startup incubator.
The fund will hold a first reading of proposed changes to its investment policy statement and strategic asset allocation, including increased allocations to fixed-income and hedge funds, at its June 29 board meeting.
The foundation recently made an undisclosed mission-related commitment to a venture strategy focused on biomedical tech start-ups.
The university disclosed follow-on venture capital and private equity commitments made in the first and second quarters of 2023 within its long-term portfolio.
The investment consultant and its digital asset data and research firm partner have expanded their new digital assets taxonomy system with more than 100 new asset classifications.