Private Equity
Private equity and venture capital firms that have predominantly women or people of color in ownership can provide another source of diversification and unlock access to differentiated deal flow for their limited partners and other investors, according to new research.
The redemptions stem from qualitative issues within the firm’s investment team.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The retirement system made commitments to one firm for private equity and private debt.
The university will consider commitments to climate solutions and venture capital strategies within its long-term portfolio at its board meeting this month.
The plan approved two private equity commitments at its board meeting last week.
The searches are for buyout, growth equity and venture capital strategies.
The retirement system committed $500 million to four existing managers.
The plan committed $60 million across three funds at its board meeting today.
Continuation funds within the broad private equity space are increasing in popularity and, depending on liquidity needs, these vehicles can provide opportunity for increased returns within LPs’ diversified portfolios in the current market environment.