Alternatives
The college increased its endowment toward private equity and venture capital and increased its long-term ranges to the asset class for a second consecutive year.
The university approved five new commitments totaling $81 million to private equity, venture capital, private credit and hedge fund strategies within its endowment.
The commitments include a first-time investment for the plan.
Plan bolstered its private equity and private infrastructure allocations with commitments to two existing manager relationships.
The institution approved a commitment to an early-stage growth strategy that invests in consumer and consumer technology companies.
The retirement plan is seeking a liquid diversifying strategies manager to handle a $30 million allocation.
The plan sees market opportunity due to recent banking failures.
The foundation added two hedge fund strategies to its portfolio in the first quarter.
The university will consider adding an early-stage growth strategy with a new investment manager for its portfolio this week.
The plan is looking to make two to three commitments in the growth equity and buyout spaces by the end of the year.
