Princeton will not have to pay any net investment income tax on returns from its $36.4 billion endowment, a University investment official said at a private event in January, after a recent expansion of its undergraduate financial aid program left the University below a 3,000 tuition-paying student threshold to qualify for taxation.
The fund recently with more than $850 million in capital commitments from existing and new investors, exceeding its $800 million target.
The university is seeking an investor to join its investment office and serve as a generalist, sourcing potential investment opportunities, conducting due diligence and maintaining relationships with current and potential firms.
The university reduced its stake in the credit platform of an alternatives investment manager as investors are becoming concerned with redemption requests and gating withdrawals.
The investment analyst will analyze portfolio-wide data related to exposures and performance and conduct due diligence on existing and prospective managers.
The institution has appointed a deputy cfo, who will take over as enterprise cfo on July 1 as its current finance head will step down from the role after more than a year of service.
The firm has closed its previously announced acquisition of a private investment firm after it received regulatory and specified sports league approvals.
The firm is seeking an investment principal to join its public markets team and support market research activities across asset classes, approaches and directionality.
The fund decided against a search for an investment firm at a first quarter meeting following an update from its incumbent investment manager as well as a presentation of the treasurer’s report.
The university has hired a managing director focused on universities and foundations at an investment consulting firm as its next investment head, beginning later this month.