Alternatives
Many endowments, foundations and their allocators point to relatively small or medium-size private equity buyout and early-stage venture capital for returns that outpace the public markets, while private real estate, infrastructure, hedge funds and private debt, especially asset-based lending look like strong portfolio diversifiers in this year’s mercurial environment.
The firm recently held the final close of its latest private credit fund, marking its largest private credit vehicle to date.
The plan added $560 million in recent commitments across private equity, infrastructure and real estate.
The plan also made up to $55 million in alternatives commitments in the fourth quarter.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The firm closed its acquisition of 100% of the equity of a platform that invests across all stages of the venture capital lifecycle.
The retirement system consolidated its private markets consulting services with a single firm last month.
The fund has launched a search for investment managers that are raising capital for investment funds that align with its impact areas of diverse entrepreneurship, economic mobility and innovation.
The university added a new hedge fund manager to its endowment in December after fully redeeming from another hedge fund at the end of the third quarter.
The healthcare system hired a new investment analyst in the second quarter to help oversee its private markets investments following the departure of a senior investment analyst.