Colby College endowment fund, Waterfall, Maine, will be looking for a few good alternative investments in the next year or so, said Douglas Reinhardt, treasurer at the college. The $164 million fund wants to meet its 15% target allocation to alternatives. The endowment is currently at 12% and wants to get a good group of commitments in which to invest.
Firms must be well established and offer venture capital, distressed, mezzanine, and buy-out partnerships, Mr. Reinhardt said. Fund officials hope to have a short list of potential commitments in about six months, he said. Cambridge Financial Services is assisting.
