Infrastructure
The foundation added two domestic large-cap equity firms and a global listed infrastructure manager to its portfolio last year.
The institution added a global equity manager to its watchlist due to organizational changes and made an infrastructure commitment as part of its pacing plan last year.
The structure review calls for the plan to make $1.5 billion in real assets commitments this year.
Nonprofits still see opportunities in alternative asset classes, like smaller or specialized buyout strategies, venture funds or private debt strategies that benefit from macro trends like the higher interest rates, rapid development of artificial intelligence or transition to clean energy.
The university made private infrastructure, growth equity and venture capital commitments within its endowment during the third and fourth quarters.
A total of six new commitments and two terminations were reported this month.
The plan also committed to a non-core real estate fund and will redeem from a core fund.
The plan also revised its upcoming fixed-income and international equity manager search timelines.
The plan selected two firms in its infrastructure manager search.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
