Alternatives
The university is exploring the sale of some of its private equity fund interests within its endowment on the secondary market.
The global private equity manager is entering a strategic partnership with an investment and wealth management firm after making a strategic investment in the mid-Atlantic-based firm.
The university recently hired a senior investment officer focused on private equity from a mid-Atlantic-based institution, where they worked for more than 14 years.
The commitments were made across private equity, credit and real assets totaled $725 million.
The plan was informed of two staff-delegated commitments at its April 17 board meeting.
The plan approved a private equity commitment at its board meeting this week.
The retirement system committed to three existing manager relationships in the past two weeks.
The global private investment firm recently invested $825 million in the insurance and asset manager to acquire a nearly 10% stake in the company.
The firm has closed its third co-investment private equity fund at its hard cap with more than $2 billion in commitments.
The firm, which is affiliated with a life insurance company, has hired a new associate of capital markets and sourcing alternatives from a college that outsourced the management of its endowment in September.