Private Equity
They will help source new transactions, perform due diligence and support portfolio company management teams.
The plan committed $50 million to a new venture capital manager last week.
The new commitment follows one the plan made to a predecessor fund in 2019.
He will be responsible for helping lead capital markets activities across all aspects of the investment and portfolio management processes.
The commitments to the two managers totaled $200 million.
Plan approved a $2 million secondaries commitment at a meeting this week.
The fund focuses on buyouts that demonstrate favorable deal dynamics, visibility on value creation and downside protection.
Plan will a new 5% target to private equity after reviewing a search report last quarter.
The university will consider a real estate commitment with a new firm after disclosing follow-on commitments to existing venture capital, private equity and real estate fund managers.
The foundation added three new private equity managers to its portfolio in the second quarter as part of the build-out of its alternatives portfolio.