Private Equity

A state trust fund in a Western state has added an alternative asset investment.

A university in the Great Lakes region will consider making a venture capital commitment and hedge fund investment within its long-term portfolio at its board of regents meeting today.

Plan added more than $1.5 billion in new alternatives commitments in the third quarter.

The plan approved new commitments and announced its new executive director at a board meeting today.

A Northwestern fund made commitments totaling roughly $1 billion.

The plan will search for a private equity fund to investment in the new emerging sector.