Memorial Sloan-Kettering Cancer Center, New York, committed a total of $45 million to four private equity partnerships, said Michael Gutnick, chief investment officer at the $2 billion endowment. The partnerships are: Blackstone Communications Partners I, a buyout fund; and Redpoint Ventures II, Venrock III, and Trinity Ventures VIII, all early seed venture cap funds. Mr. Gutnick said the endowment is not looking at any more deals this year because it has reached its allotment with $75 million in commitments. Funding will come from the endowments $300 million private equity program.
Memorial Sloan-Kettering Cancer Center, New York, committed a total of...
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