Private Equity
The university will review and discuss the investment policy and asset allocation for its endowment later this year, including increasing its private market allocations.
The firm’s second private equity fund closed nearly $300 million above its fundraising target.
The plan made three commitments with existing manager relationships.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The commitments made last quarter totaled nearly $20 million.
The firm has raised $1.6 billion in total commitments across five investment vehicles focused on venture funds and technology companies behind support from new and existing investors, including foundations, endowments, pension funds, family offices and high-net-worth individuals.
The system is considering a private equity buyout commitment with a new manager within its endowment.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
The commitment is part of an annual private equity pacing schedule.
The fund has added fixed-income, bank loan, international equity and private equity investments to its endowment in recent months as it builds toward a new strategic asset allocation adopted in the first quarter.