Ohio Northern University, Ada, Ohio, committed a total of $6 million to Commonfund natural resources and distressed debt funds, the first alternative investments for the $100 million endowment, said John W. Green, vice president-financial affairs. Funding will come from rebalancing and from new gifts, Mr. Green said.
The endowment also might invest $3 million in its first commercial real estate fund, most likely a Commonfund partnership, Mr. Green said. The commitment is expected to be made by March 1, he said, and funding will likely come from a quarterly rebalancing.
No consultant is being used.