Plan’s board committed $160 million to an existing infrastructure manager and was notified of a private equity commitment this week.
The fund targets companies in the lower middle market.
The new office will focus on identifying and partnering with management teams of fast-growing software companies.
Three diverse-owned managers targeting alternative assets received an aggregate of $44 million.
The plan committed $105 million for pacing purposes.
Plan retained its incumbent consultant over proposals from four other firms.
He will help provide portfolio companies with sector-specific expertise to enhance operations and accelerate growth.
Investment subcommittee committed to an existing venture capital fund-of-funds manager within its endowment last month.
He will coordinate investor relations, marketing, communications and corporate development.
He will be responsible for strategic planning, investor capital development, ESG and DEI efforts and other firm leadership initiatives.