Private Equity
The plan is considering a 5% dedicated allocation to the new asset class.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The retirement system’s ad hoc search committee will conduct on-site visits with three firms in June.
The foundation is looking to add new commitments to private equity and build out the program alongside its outsourced cio over time.
Two HBCUs have committed to an early-stage venture capital strategy targeting the fintech, healthcare, education and workforce development sectors.
The college is one of several institutional investors to commit to the latest venture capital fund from a Berlin-based manager.
The upcoming search stems from a new domestic equity structure approved today.
The retirement system will receive educations on the asset classes at a third quarter board meeting.
The institution approved financing agreements with four companies through its fund responsible for commercializing university research discoveries and innovations.
The plan made its first private equity commitment since 2018 at a special meeting this month.