Emerging/Diverse Managers
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 agency will first hold a virtual conference for interested managers next month.
The plan will also interview three diverse-focused private equity managers next month.
The bill would require colleges and universities to disclose information about investments with diverse managers annually.
The plan is seeking domestic mid-cap value equity managers to handle a $25 million mandate and diverse-owned private equity managers for an up to $3 million commitment.
The firm will now manage approximately $40 million in the plan’s main portfolio.
The plan hired two separate account managers for its global equity emerging manager program after increasing the program’s allocation range this week.
The plan increased the allocation range for its global equity emerging manager program by 5% this week.
The plan is slated to conclude its global equity emerging manager program search and increase its allocation to the program at a board of investments meeting tomorrow.
The plan terminated a $1.4 billion domestic large-cap value equity mandate and made commitments with four existing managers and one new manager in August.