Private Equity
The fund will consider adding a new private equity manager within its trust fund portfolio following a presentation from the firm at its board meeting this week.
The institution approved a commitment from its endowment to a lower middle market buyout strategy with a new manager at the recommendation of its general investment consultant.
The commitments include two custom mandates.
The plan committed a total of $45 million to two private equity strategies.
The plan will also renew the contract of a manager currently on watch.
The selected firm will assume an $86 million mandate currently handled by an underperforming manager.
The plan committed a total of $20 million across private equity and real estate at its October board meeting.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
The university was slated to approve a buyout private equity commitment to a new manager within its endowment at its meeting last week.
The foundation is proposing shifting its $642 million consolidated endowment fund toward private equity, domestic public equity and short-duration fixed-income.