Alternatives
The university approved buyout and growth equity commitments with private equity managers that represent new relationships for the institution.
The third opportunity zone fund comes after the firm held the final close of its second opportunity zone strategy in excess of its predecessor fund.
The foundation approved new allocations to private debt, real estate and fixed-income strategies in the first quarter.
The commitments include two new relationships for the plan.
Plan added a re-up commitment to an existing manager relationship late last month.
The plan committed $90 million total to new and existing manager relationships yesterday.
The plan made private credit commitments after presentations in closed session.
The plan approved private equity and non-core real estate commitments at today’s meeting.
Institutions are gravitating toward private markets following rising inflation and a volatile stock market in 2022 and the nonprofit segment anticipates increasing their usage of hedge funds, according to a new report.
The university will consider adding a currency overlay manager to take active positions in currencies and a venture capital strategy this week after increasing its target to the asset class in late 2022.