Investment Policy Statement (IPS)

The investment objective of the Private Equity Program is to provide performance enhancement and diversification benefits to the overall investment portfolio. The performance objective of the Private Equity Program is to equal or exceed the S&P500, NASDAQ, DJIA plus 185 basis points annualized and net of fees over ten-year rolling periods. Performance inside of ten years will be compared to the Cambridge Associates U.S. Private Equity Benchmarks and MarketWatch

Investment Policy Statement

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