Oklahoma State Regents for Higher Education, Oklahoma City, approved a total of $14 million in alternatives commitments, spokeswoman Angela Caddell said in an e-mail.
The endowment trust fund has about $661 million in assets.
The regents committed $7 million to a Merit Energy Partners private equity fund that invests in oil and gas properties. The full fund name could not be learned by press time.
The regents also committed $7 million to H/2 Special Opportunities Fund II, a real estate fund managed by H/2 Capital Partners.
The endowment’s target asset allocation is 20% absolute return, 16% international equity, 15% each REITs/real assets and private equity, 12% domestic equity, 7% domestic fixed income, 5% each global equity and growth fixed income, 3% international equity and 2% cash.