University of Vermont and State Agricultural College, Burlington, approved investments and commitments totaling $15 million for its $551 million endowment pool.
The university's investment subcommittee at its Jan. 15 meeting approved a direct hedge fund investment of $10 million in Renaissance Institutional Diversified Global Equities Offshore Fund, managed by Renaissance Technologies, and a commitment of $5 million to Elephant Partners III, a private equity fund that invests in consumer internet, mobile and software companies, recently released subcommittee meeting minutes show.
The subcommittee previously committed $5 million to Elephant Partners II in 2018.
Jeffrey Wakefield, university spokesman, referred questions to the minutes.
