Memorial Sloan-Kettering Cancer Center’s $1.5 billion endowment committed $10 million to HarbourVest International Private Equity Partners IV, an international fund of funds, said Michael Gutnick, chief investment officer at the New York cancer center. Also, Memorial Sloan-Kettering’s $200 million pension fund committed $10 million to Chase Capital Global 2001 Fund, which will invest in private equity and venture capital, he said. Funding for both investments will come from cash.
Ohio State Highway Patrol Retirement System, Columbus, is searching for brokerage companies. The $650 million plan wants to set up a "preferred broker list” for its money managers to use as a "better way of controlling costs,” said Richard Curtis, executive director. The RFP can be downloaded from www.ohprs.org, and proposals are due May 15. Mr. Curtis said the plan hopes to have four to six brokers selected by mid-June.
