Alternatives
The plan will issue a general investment consultant RFP due to an upcoming contract expiration and conduct an asset allocation study to consider eliminating its risk parity asset allocation.
The private credit fund focuses on asset-backed investments.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The plan, which launched an invitation-only search this year, will make a decision next week.
The firm has partnered with a financial technology company to launch a blockchain option within its private assets fund.
The university is an anchor investor in a Black-owned venture capital firm’s first strategy that closed last month with more than $60 million in commitments.
The firm has entered into a “leaders strategy” partnership to form a platform that aims to acquire companies and assets in the technology-enabled pharmaceutical solutions industry.
The system approved the commitment with an existing manager to continue to diversify the portfolio and realign to its asset allocation targets.
The foundation is considering a maiden alternatives allocation within its portfolio and weighing the addition of hedge fund, infrastructure and private debt investments to fund the allocation.
The firm closed its third fund above its $550 million initial target with the support of existing investors and a substantial personal commitment from its team.