University of Kentucky, Lexington, committed a total of $69 million to five alternative investment funds on behalf of its $2.3 billion endowment.
The commitments were disclosed in recently released June 13 investment committee meeting minutes.
Investment staff committed $20 million each to Digital Alpha Fund III-A, an infrastructure fund managed by Digital Alpha Advisors, and secondary private equity fund Kline Hill Partners Solutions Fund II; $15 million to buyout fund Sterling Group Partners VI; $11 million to growth equity fund Centana Growth Partners III and $3 million to Cordillera Whiskey Fund, a real assets fund financing spirits inventory for downstream industry participants managed by Cordillera Investment Partners, according to the minutes.
The endowment’s target allocations to private equity, real assets and diversifying strategies are 24%, 12% and 12%, respectively.
