Private Equity
As nonprofit investors expect market volatility to continue, with the possibility of an economic recession on the horizon, many are seeking early-stage private equity, private debt, real estate, infrastructure or hedge fund strategies to capitalize on macro trends that include a slowdown in economic growth, rising inflation, emerging technologies and demographic trends.
The university added a private equity commitment and a hedge fund investment with new firms in the second quarter.
The plan expects to choose a private credit consultant following finalist interviews with three firms scheduled for tomorrow.
The plan made natural resources and real estate commitments last month and will consider a 2023 private markets pacing plan this week.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The consultant will advise the plan’s nearly $335 million private markets portfolio.
The changes followed two separate asset/liability studies from general investment consultant Verus.
The commitments include two first time managers for the plan.
Commonfund will rename its two core businesses effective Feb. 1 to enhance clarity while supporting continued growth.
The plan made three private equity commitments over the last two months.