Private Equity
The global asset manager has closed its third vehicle investing in high-growth technology companies across North America, Europe and Israel with $3 billion in committed capital from new and existing investors.
The commitments include follow-on and first-time fund commitments for the plan.
The plan will consider issuing a general investment consultant RFP due to an upcoming contract expiration.
The plan will withdraw prior to the fund’s closure in December.
The new investment consultant was hired last week following a search that was relaunched in May.
The pension plan agreed to increase its global equities target by reducing its global private equity target from Oct. 1 through Dec. 31, 2024.
The plan received information on a total of 15 managers at its meeting today.
The plan made private equity and private credit commitments for pacing purposes.
The foundation has added four investments with new diverse managers within its portfolio after adopting an investment strategy with a racial equity lens in the first quarter.
The university disclosed follow-on private equity, venture capital and private credit commitments with existing managers within its long-term portfolio in the second and third quarters.