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The university added two new members to its board of trustees, including the managing partner of a venture capital firm.
The foundation recently added the founder and ceo of an investment manager and the top academic officer of a state university to its board of trustees.
The pension plan’s hedge fund committee considered four commitments and a manager termination at its meeting this month.
The plan received information on a total of 15 managers at its meeting today.
The upcoming retirement was disclosed at a pension board meeting today.
The fund closed at its hard cap of $600 million in under four months.
The strategic partnership will see both firms and their funds managed independently.
The pension plan recently committed $280 million total to credit and real estate funds.
The oversubscribed fund closes with approximately $940 million in commitments.