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