The foundation appointed a new cfo and treasurer to help oversee its finances and approximately $2.6 billion in assets after its previous finance head left to join a nearby real estate development, management and investment firm in the same position.
The investment analyst will work with senior management to research and evaluate investment opportunities.
The organization revised the asset allocation for its Balanced Pooled Fund in the fourth quarter, removing its diversifying strategies allocations to increase real estate and real assets.
The firm recently held the final close for its fifth private equity fund in an oversubscribed fundraise.
The authority has issued an RFQ seeking firms that provide investment accounting, investment performance and analytics and investment policy compliance software for its two portfolios totaling roughly $24 billion.
The university has reissued an RFP seeking a firm to provide investment management services as well as review its investment policy and asset allocation after launching a search in the first quarter.
The foundation is searching for an investment operations manager to oversee the operational, reporting, treasury and administrative functions that support its endowment.
The foundation will promote two of its managing directors to the roles of cio and deputy cio as its investment head is leaving to pursue a new opportunity in their hometown of Pittsburgh.
Higher education institutions and their athletic departments are looking to private equity to help fund new athlete revenue-sharing models and facility costs driven by mounting financial pressures from the recent House v. NCAA settlement.
It’s the last resort for institutions on the brink: tapping restricted funds from donors to keep the lights on. ‘The money they donated is not being used for what they gave it for.’