Alternatives
Plan staff is seeking board approval of direct lending and core-plus real estate commitments this week.
The plan is allowed to invest up to 7.5% of total assets into the new asset class.
Commitments to private credit and private equity made at today’s board meeting total $60 million.
The institution will review the asset allocation for its endowment this week and consider increasing its private equity target.
Commitments to two existing managers totaled $80 million.
Plan added up to $1.6 billion in private equity and real estate commitments and disclosed a new private equity investment officer hire.
Plan rejected the commitment after receiving additional information about the firm’s ongoing litigation yesterday.
Plan disclosed commitments totaling $82 million and approved alternative investment pacing plans today.
The college is looking to add private equity investments, including growth equity, buyouts and venture capital.
Target asset allocation changes under consideration for the system’s largest pool would ensure the portfolio is prudently allocated to withstand further disruptions to the market and economy.