Venture Capital
The university added new private equity and venture capital managers within its endowment earlier this year on the heels of new commitments to existing managers.
The governor vetoed legislation that would have mandated the state’s public universities invest a portion of their endowments into innovation funds, finding it did not adequately recognize the independent fiduciary responsibilities of the institutions.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.
The retirement plan also made a private equity commitment in the first quarter.
The plan also made two private equity commitments at its board meeting today.
The university recently approved up to eight financing agreements with startup companies recently launched from its ecosystem through its accelerator fund.
The pension system added up to $175 million in new commitments in April.
The plan also disclosed two private markets commitments.
The agency is seeking a firm to provide a venture capital database monitoring companies, investments or individuals in growth-oriented industries across the state.
The plan was scheduled to consider RFPs for international and domestic small- to mid-cap growth equities this month.
