Venture Capital
The plan committed a total of $20 million to two funds offered by a private equity manager at its May 16 meeting.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The university will consider gradually eliminating its fossil fuel exposures as well as pivot its target allocation toward illiquid strategies within its endowment this week.
The plan made private equity and real estate commitments with two new managers and five existing managers in March.
Most endowments are increasing risk and turning a blind eye to human rights violations and abuses related to labor, privacy.
The plan added two core-plus fixed-income managers to the portfolio and made 11 alternatives commitments in the first quarter.
The investment consultant will advise on a new venture capital program.
The funds will invest in incubation, seed, Series A and Series B stage digital-health startups.
The plan will not commit any additional capital to the program due to potential issues, including conflicts of interest and lack of transparency.
The plan added $120 million across two commitments with existing manager relationships in recent weeks.