FUNDRAISING NEWS | March 08, 2024
The University of Kentucky Endowment approved three new alternative investments totaling $45 million, according to minutes from the December 5, 2023 Investment Committee meeting.
$15 million was committed to Elsewhere Partners III and $15 million to Peppertree Fund X, both private equity funds. $15 million was committed to Tola Capital III, a venture capital strategy.
The commitments to Tola Capital and Elsewhere Partners represent new relationships for the fund. Peppertree is an existing relationship, previously allocating to their private real assets Fund IX.
The $2 billion endowment targets 24% of their portfolio to private equity.
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Helen Bascom is a Marketing Associate at Dakota.
