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The university is looking to grow its private credit allocation to 10% of its overall portfolio following the approval of a new asset allocation.
The plan made four follow-on commitments totaling $625 million.
The foundation has selected a new investment manager to succeed its incumbent, who had been providing the services since 2004, after issuing an RFP last year.
The university is searching for an outsourced cio provider for its endowment and operating fund portfolios as it is in the process of finalizing a new investment policy statement.
The university will review and discuss the investment policy and asset allocation for its endowment later this year, including increasing its private market allocations.
The plans are seeking an investment consultant to monitor investments, conduct annual due diligence meetings with investment managers, provide quarterly reports and annual reviews.
The agency issued an RFP in March due to the incumbent’s contract expiration.
The plan selected two international small-cap value equity managers to conclude its search for a firm in the fourth quarter due to underperformance from the incumbent.
The firm’s second private equity fund closed nearly $300 million above its fundraising target.
The plan is conducting the search as its investment officer left the plan last month after nearly three years of service.