Board of Trustees Annual Meeting - June 11, 2026

The University of Alabama System Board of Trustees held its Annual Meeting on June 11, 2026, covering multiple procurement and budget-related topics. The Investment Committee reviewed and approved several private equity and real asset investment commitments totaling tens of millions of dollars, including new investments with KKR Next Generation Technology Fund, Menlo Ventures, Align Capital Partners, and Scout Energy Partners. The committee emphasized disciplined, long-term investment strategies to maintain purchasing power and diversify the portfolio. The Board also approved the UA System's fiscal year 2026-2027 annual IT plans, with new projects totaling approximately $181 million, primarily for infrastructure and hardware. Additionally, the UAB Health System presented and received approval for a multi-phase refinancing plan to reduce debt service costs, including issuing tax-exempt bonds and formally including St. Vincent's in the obligated group. The Physical Properties Committee approved several construction and real estate projects, including a $28.6 million renovation of Farah Hall, a $21 million renovation of the Stern Library, and a $7.8 million acquisition of property related to the Cooper Green Mercy Hospital site. These actions reflect significant capital improvement and investment activities across the UA System and UAB Health System.