Private Equity
The searches are for international small-cap equity, emerging markets equity, real estate, private equity and private debt managers.
Nonprofits still see opportunities in alternative asset classes, like smaller or specialized buyout strategies, venture funds or private debt strategies that benefit from macro trends like the higher interest rates, rapid development of artificial intelligence or transition to clean energy.
The university made private infrastructure, growth equity and venture capital commitments within its endowment during the third and fourth quarters.
The commitments include three new relationships for the plan.
The plan made several commitments in alternatives asset classes in November and December.
A total of six new commitments and two terminations were reported this month.
The plan also revised its upcoming fixed-income and international equity manager search timelines.
The pension plan liquidated its approximately $210 million domestic small- to mid-cap growth equity and made commitments totaling $120.5 million in November.
The institution approved new hedge fund, private equity and venture capital commitments in the fourth quarter.
The institution revised its strategic asset allocation last year, increasing its allocation toward growth assets like public equity and private equity.