Board hears mixed February returns; capital call and distribution activity noted
Investment staff reported that domestic equities fell in February while internationals and fixed income posted gains; the board was told about an $850,000 capital call from HarborVest and a roughly $358,000 distribution from Crescent Fund and discussed an ongoing manager‑fee review.
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Investment staff presented the board with portfolio performance and activity for February and recent months, showing a mixed set of returns across equities, fixed income and real estate.
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