People Moves
New England College Launches CIO Search

The college’s current investment head is leaving to join a private investment office that manages the assets of a global multigenerational family.

02.25.26
Consultant/OCIO/Discretionary
Southeast Pension Approves Consultant RFPs

The retirement system also hired two value-add real estate managers today.

02.25.26
Large-Cap
Western DC Plan Conducting LCV Search

The plan is searching for a replacement for an underperforming incumbent.

02.25.26
Industry News
Ascend Capital Partners Closes Second Fund

Ascend Capital Partners closed its second fund and parallel vehicles with $791 million in total commitments.

02.25.26
People Moves
Sawgrass Portfolio Manager Retiring

Marty LaPrade was the lead portfolio manager on the firm’s U.S. large-cap growth equity strategy.

02.25.26
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Venture Capital
Virginia Pension Makes VC Commitments

The retirement system made venture capital commitments totaling $45 million last month.

02.25.26
Private Equity
Novacap Raises $3.8B For Latest Technologies PE Fund

The technologies private equity fund exceeded its $2.75 billion target.

02.25.26
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
RFP: Emerging Manager Equity Products, State Universities Retirement System of Illinois
The State Universities Retirement System of Illinois (SURS) is requesting proposals from qualified
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