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The private debt firm exceeded its fundraising target of $2.25 billion.
The plan will look to add private credit, re-establish its private equity portfolio, add complementary real estate strategies and evaluate its domestic equity portfolio this year.
Plan has launched a private credit RFP intended to fill a maiden allocation to the asset class.
The new targets include the elimination of an emerging market debt allocation.
The series positions the firm to leverage its global growth investing capabilities.
She joined the firm this month from Sandbox Industries.
As nonprofit investors expect market volatility to continue, with the possibility of an economic recession on the horizon, many are seeking early-stage private equity, private debt, real estate, infrastructure or hedge fund strategies to capitalize on macro trends that include a slowdown in economic growth, rising inflation, emerging technologies and demographic trends.
The firm added two new members to its advisory board as one of its inaugural members is set to retire after five years of service.
Mega endowments continue to outpace their smaller peers despite the challenging market environment due in part to greater allocations to diversifying alternative asset classes, according to a recent report.
The university added a private equity commitment and a hedge fund investment with new firms in the second quarter.