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The firm closed its private equity strategy, which focuses on control investments in franchisor and multi-unit companies, with almost $600 million in total commitments, surpassing its $475 million target.
Casey Quirk analyzed 50 of the largest asset managers and found that roughly 20 firms grew their net new revenues at a rate greater than the industry average between 2009 and 2019.
The firm’s second fund is over 50% larger than its predecessor.
The plan will conduct a search for multi-asset class credit investment strategies.
Plan is eyeing searches for active emerging market debt and private markets secondaries strategies following initial discussion earlier this month.
The plan, which conducted a similar search in 2018, is seeking a firm to manage its investments.
Sinead Colton-Grant’s appointment as cio will be effective Jan. 1.
The plan last conducted a similar search in 2017.
The foundation is seeking a firm to oversee and administer its investment portfolio as well as develop and maintain its investment policy.
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.