Private Equity
The university system approved a venture commitment targeting late-stage and growth companies across tech-enabled consumer companies.
An early-stage venture capital fund spun out of a university’s incubator announce its first close with $10 million in committed capital.
The plan disclosed four commitments at its board meeting last month.
The retirement system added a direct lending commitment and three private equity commitments on July 3.
The plan also received a work plan from its newly hired general investment consultant.
The plan also terminated a long/short equity manager.
The closing represents One Rock Capital Partners’ largest fundraise to date.
The pension plan considered two commitments totaling up to $80 million last week.
The pension finalized three commitments totaling $125 million last week.
A university based in a Southern state has added two alternative investments to its approximately $2.3 billion portfolio.