Alternatives
The fund concluded a recent RFP with three private equity commitments totaling $50 million.
The commitments include two new manager relationships for the plan.
The fund is looking to put dry powder to work in the debt asset class to capitalize on recent volatility.
The university added private equity and private credit commitments within its endowment in the first quarter.
The foundation is seeking a managing director, private investments to assist in the due diligence, selection and monitoring of private market investment opportunities.
The commitments include a new relationship for the plan.
The pension system added up to $175 million in new commitments in April.
The pension plan approved a pair of real estate commitments at a board meeting last week.
The plan is replacing an existing equity manager and making its first private equity investment since 2019.
The pension system made its first traditional private equity buyout commitments in years at today’s board meeting.