5 Questions
5 Questions With Cambridge Associates Managing Director Michael Pearce

Pearce is a managing director in Cambridge Associates’ endowment and foundation practice, tasked with conducting manager due diligence and developing investment strategies for clients with mission-related, ESG or impact investment objectives. He took the time to answer five questions with FIN News.

03.30.26
People Moves
ORIX USA Names Capital Formation Head

The new hire will lead ORIX Corporation USA’s capital formation strategy.

03.30.26
Stable Value
Calif. County 457 Approves Stable Value Mgr. Search

The deferred compensation plan also replaced its multi-strategy real estate manager last week.

03.30.26
Venture Capital
Blackstone Closes Sixth Life Sciences Fund

The firm’s sixth life sciences fund has closed at its $6.3 billion hard cap.

03.30.26
Consultant/OCIO/Discretionary
Midwest Pension Eyes Consultant RFP Process; Approves Commitments

The state pension plan also approved three alternatives commitments at a meeting last week.

03.30.26
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Private Equity
Midwest Pension Adds Alts. Commitments

The retirement fund made up to $170 million in alternatives commitments last week.

03.30.26
International / Global / Emerging Markets
Southern Pension Makes Int’l Small-Cap Hire

The retirement fund added a dedicated 5% allocation to the asset class earlier this year.

03.27.26
In The News
President’s Annual “State of the University” Letter 2026: From Growth to Focus

Princeton needs to transition from growth to focus because long-term rates of return are steadily declining across university endowments. This decline has been hard to see because returns have been volatile. In other words, returns have not been a steady 8 percent or 10 percent; instead, they have been all over the map.

Princeton University
Utah endowment’s OCIO contract raises conflict of interest concerns

Cynosure Capital Management, its new outsourced chief investment officer, is founded by members of one of the state’s richest families.

Pitchbook
Commonfund Releases 2025 HEPI Report

Data from the annual Higher Education Price Index® (HEPI) show that inflation for U.S. colleges and universities rose 3.6 percent in fiscal year 2025, surpassing the 3.4 percent inflation reported in fiscal year 2024.

Commonfund
Yale expects layoffs as leaders brace for $300M in endowment taxes

The Ivy League institution’s tax bill starting next year will be higher than what it spends on student aid, university officials said.

Higher Ed Dive
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