Health Forward Foundation, Kansas City, Mo., made four new commitments totaling $35 million, said Rick Zimmer, the foundation's chief financial officer, in an email.
The $722 million foundation committed $10 million each to buyout funds Arlington Capital Partners V and Sun Capital Partners VII. Both are first-time commitments to those managers, Mr. Zimmer said. The foundation's allocation to private equity is 15%, he added.
The foundation also committed $7.5 million each to funds managed by insurance-linked security managers Elementum Advisors and Securis Investment Partners. Mr. Zimmer did not provide the fund names. Elementum is a new manager for the foundation; the foundation committed $10 million to Securis Event Fund in 2017. The foundation's allocation to non-correlating alternative investments is 17%, Mr. Zimmer said.
Investment consultant Aon Hewitt Investment Consulting assisted.
