Alternatives
The plan expects to conduct an RFP for private debt managers for pacing purposes.
The firm has expanded its private equity team with the appointments of a managing director and director to help originate, structure and manager investments.
The foundation approved a commitment to a buyout private equity strategy with a new investment manager in the second quarter.
The pension plan recently committed approximately $2.2 billion total to eight funds and terminated an existing credit strategy.
The plan made hires following finalist interviews last week, concluding two RFP searches.
The plan made three follow-on commitments at this week’s board meeting.
The retirement system made $275 million in new alternatives commitments in recent months.
The plan disclosed an up to $20 million private credit commitment last month.
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.
The firm closed its private equity strategy, which focuses on control investments in franchisor and multi-unit companies, with almost $600 million in total commitments, surpassing its $475 million target.