Alternatives
The plan approved two commitments for pacing purposes.
The pension system made its third commitment to private credit this year at today’s board meeting.
A trust fund based in a Western state has added a re-up investment with a private equity growth fund series.
The university and its investment consultant will review the asset allocation strategy for multiple investment pools in the coming months.
The university is searching for an investment director for private equity after a managing director on the team left this summer to join an investment management firm serving ultra-high-net-worth investors and family foundations.
The plan also made two private credit commitments in September.
Secondary fund investments are increasingly driving interest among institutional investors as the industry finds it’s a good place to gain comfort with private markets and efficiently deploy capital amid deal activity and fundraising surges.
The plan will look to commit up to $400 million to a private equity fund at its board meeting later this month.
The firm made a strategic minority investment in private market secondaries manager Coller Capital as it looks to expand into private markets.
Artificial intelligence investments and digital assets are driving outperformance for large university endowments, which reported fiscal year 2025 returns around 11% or 12% on average.