University of North Carolina at Chapel Hill committed $10 million to Angelo Gordon Partners’ absolute return distressed debt fund, and $13 million to Credit Suisse First Boston and $10 million to Resilience Capital for their private equity distressed debt funds, said Mark Yusko, chief investment officer. The $1 billion endowment also committed $5 million each to Colony Capital’s real estate opportunity fund and Patron Capital’s European real estate fund. All will be funded from cash.
Separately, the endowment committed $10 million each to Oaktree Capital and Schroder Investment Management for long-short emerging markets funds. Funding probably will come from active domestic equities, but Mr. Yusko declined to name the managers affected. The endowment cut its overall active domestic equity allocation to 10% of assets, from 15%.
