University of West Florida Foundation Inc., Pensacola, committed $1 million to AEA Investors Fund VIII.
The $113 million foundation's board of directors approved the commitment to the buyout fund at its June 14 meeting, recently released meeting minutes show.
There is no record of any prior commitments to AEA Investors.
As of March 31, the foundation's actual allocation to private equity/debt was 14.9%; the target is 14.5%.
Investment consultant CAPTRUST Financial Advisors assisted.
Eva "Jan" Butts, foundation director, and Daniel Lucas, the foundation's chief financial officer, could not be immediately reached for further information.