Alternatives
The system approved an infrastructure commitment with a new manager alongside buyout and venture commitments with existing managers within its endowment this month.
The search is part of the continued buildout of the plan’s crisis risk offset portfolio.
The commitments total more than $700 million.
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 foundation has added several managers focused on environmental or social impact to its portfolio over the past year.
The institution approved a financing agreement for an up to 10% stake in a company developing a new retinoid therapy.
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 plan totaled nearly $690 million in commitments across its private equity and real assets portfolios last week.
The retirement fund has disclosed $215 million in recent alternatives commitments.
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.