California Institute of Technology, Pasadena, is considering real estate, mezzanine and health-care funds as part of the $1.5 billion endowment’s plan to meet a 25% allocation to alternatives over the next two years. Sandra Ell, treasurer and chief investment officer, said CalTech will contact firms in which it is interested. Opportunism and diversification are factors in the potential moves, she said. CalTech has $195 million in 50 individual partnerships with 35 alternative investment firms.
In June, the endowment allocated $8 million to Menlo Ventures 9.
