Venture Capital
The firm closed on $850 million in new capital in 2025, increasing its assets under management to more than $2.6 billion, and is actively deploying funds.
The fund approved a venture capital commitment to a biotech firm last quarter.
The public utility fund approved a venture capital commitment earlier this month.
The state agency is seeking a firm to provide consulting and advisory services for its venture fund targeting small businesses or entrepreneurs across the state.
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.
