Searches And Hires
The university added new private equity and venture capital managers within its endowment in the second quarter on the heels of re-up commitments to existing strategies.
The plan is conducting a replacement search after terminating its incumbent core fixed-income manager today.
The plan made two hires in its small-cap core equity manager search last quarter.
The retirement system also liquidated its domestic small- to mid-cap value equity mandate last month.
The plan made six commitments totaling more than $900 million.
The investments and commitments total more than $650 million across public equity and private markets.
The plan placed its sole global equity manager on watch in the second quarter.
The fund’s $45 million in assets are currently invested in a balanced portfolio.
The firm will be responsible for the plan’s private equity, private credit, private infrastructure and private real assets portfolios.
The plan adopted a new non-U.S. equity structure last month for diversification purposes.
