Boyce Thompson Institute for Plant Research, Ithaca, N.Y., committed $6 million to the Citigroup Private Equity Partners fund of funds, said John M. Dentes, vice president for finance and treasurer. The $78 million endowment will fund the move through rebalancing and by reducing an active domestic large-cap growth equity portfolio, Mr. Dentes said; he declined to provide further details. Westfield Capital runs large-cap growth equities for the endowment, according to the Money Market Directory.
Endowment officials wanted to increase the fund's private equity exposure "to enhance or stabilize returns," he said. Smith Barney assisted.
