The hospital network has added a principal of private investments to its team following a search to replace a senior analyst on its equity team earlier this year.
The fund has raised $685 million for its second fund, which will continue to execute a asset-based private credit strategy that focuses on providing bespoke, founder-friendly financing solutions to high-growth tech-enabled companies.
The venture capital manager held an initial close for its second fund-of-funds targeting climate-focused technology after garnering investments from nearly 40 investors.
Allocations to illiquid asset classes will provide university portfolios with stronger returns relative to public equity or bond markets over the long term, despite liquidity or spending squeezes in the short term.
The institution temporarily paused making investments in illiquid assets in the first quarter after reviewing its investment policy and guidelines, where concerns about private equity investing and not having an updated five-year strategic plan were made.