Real Estate
The university will consider a real estate commitment with a new firm after disclosing follow-on commitments to existing venture capital, private equity and real estate fund managers.
Plan added $250 million in new commitments across the second quarter.
The board terminated three managers to “harmonize” the equity portfolios between its plans.
The plan is considering two private markets managers for its emerging manager program.
Plan added committed to the sixth fund in a series after committing to the fifth fund in late 2019.
Plan disclosed up to $189.5 million in new venture capital and real estate commitments.
The plan will hire multi-asset credit managers as part of the new structure and commit $170 million total to real estate in fiscal year 2023.
The plan made a commitment to one new manager alongside two follow-on commitments.
The new manager will complement the plan’s existing core real estate mandate with Invesco.
The plan will commit up to $3.9 billion to private equity, private credit and real assets.