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Recent Investment Activity
See our recent board activity and investment commitments.
Board of Trustees
March 2021
The board approved the 2021 capital market assumptions as recommended by Cliffwater and adopted adjustments to the asset allocation. The asset allocation is projected to earn 7.6% over the long term based on the updated capital market assumptions and has an expected risk of 12.65%. The investment policy was amended to update the performance objective and include the newly adopted assumptions and asset allocation.
2020 Board Meetings
December 2020
Cliffwater presented the 2021 private markets annual plan and the board adopted a clarifying amendment to the investment policy concerning the definition of co-investments.
September 2020
Cliffwater presented a due diligence review report on the REIT managers, and the board approved retention of Cohen & Steers and Dimensional Fund Advisors.
June 2020
The board approved the 2020 capital market assumptions as recommended by Cliffwater and adopted adjustments to the asset allocation. The asset allocation is projected to earn 8% over the long term based on the updated capital market assumptions with an expected risk of 13.01%.
Cliffwater presented a due diligence review report on the index funds’ manager, and the board approved retention of State Street Global Advisors as manager.
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recent investments
Commitments
Explore our most recent investment activity below, or use the dropdowns to search years’ past.
| Asset class | Closing/subs date | Manager name | Commitment | View archive |
| Hedge Funds | - | - | - | |
| Strategic Credit | March 25, 2021
April 9, 2021 |
Alcentra Structured Credit Opportunities Fund IV (USD) L.P. Taconic CRE Dislocation Onshore Fund III L.P. |
$50 Million
$100 Million |
|
| Distressed Debt | March 22, 2021 April 1, 2021 |
Taconic European Credit Dislocation Fund III L.P. Marblegate Onshore Partners Fund II, L.P. |
$100 Million $100 Million |
|
| Direct Lending | January 1, 2021 February 26, 2021 |
CapitalSpring Investment Partners VI, LP Comvest Credit Partners V, L.P. |
$85 Million $100 Million |
|
| Private Equity | February 10, 2021 February 26, 2021 February 26, 2021 March 16, 2021 March 16, 2021 April 6, 2021 April 15, 2021 |
Juxtapose Ventures II, L.P. Shamrock Capital Growth Fund V, L.P. TCG Crossover Fund I, L.P. Source Code Venture Fund V L.P. Source Code Growth Fund II L.P. IDG Breyer Capital Fund L.P. Vida Ventures III, L.P. |
$35 Million $50 Million $20 Million $17 Million $23 Million $30 Million $75 Million |
|
| Private Real Estate | January 21, 2021 March 23, 2021 |
Roxborough Fund III, L.P. SRE Opportunity Fund IV, L.P. |
$45 Million $100 Million |