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Joint Committee on Investments endorses manager recommendation, reports LTIP performance
Summary
The Joint Committee on Investments met Feb. 6 and endorsed an investment recommendation to allocate up to $15 million to the Slow Ventures Platform, and reported LTIP returns of 11.5% (1-year) and 12.3% for FY24.
The Joint Committee on Investments met virtually Feb. 6, 2025, and endorsed staff and consultant recommendations on asset allocation and a manager commitment.
Committee materials report that staff and Fund Evaluation Group discussed manager recommendations and recommended a commitment of up to $15 million to the Slow Ventures Platform; the Committee endorsed that recommendation. The committee also reviewed the Long‑Term Investment Pool (LTIP) performance and reported returns of 11.5% (1‑year), 2.9% (3‑year) and 7.7% (5‑year), and a FY24 return of 12.3%.
The Committee reviewed asset allocation mechanics, private capital pacing, and the endowment spending policy (with no changes recommended). It also reviewed the Investment Office budget and staffing. The meeting record indicates approval of the prior minutes and adjournment after the endorsements.
The recommendation endorsed by the Committee will proceed through the university’s established investment approval and implementation processes.
