Venture Capital
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The university approved adding new private equity managers as well as re-upping a commitment with an existing venture capital manager within its endowment.
The firm is launching a venture capital fund that will invest in early-stage companies using climate technology and artificial intelligence to improve real assets.
The fund will consider increasing portfolio leverage at its next board meeting as it also looks to reposition its venture capital program to exploit new market opportunities.
The retirement fund authorized commitments totaling $305 million, including one new relationship.
A university based in a Southern state will consider recommendations from its consultant to invest in private equity and venture strategies.
The plan made two commitments for pacing purposes at today’s board meeting.
The organization is seeking an advisor to assist with supporting its portfolio of innovations with capital and financing strategy as well as business models and operations for growth.