The firm appointed its president of EMEA and global head of institutional banking and markets as co-presidents of asset serving as the current head is set to retire after 40 years at the firm.
The fund hired an individual to lead its co-investment and direct investment program, which began last year as part of an updated strategic plan.
The system will review the asset allocation for its trust portfolio in the first quarter of 2026 before evaluating if additional private equity commitments are needed to reach its policy weight.
The foundation’s current managing director for private markets recently departed.
The firm launched an actively managed, high-conviction equity portfolio as it recognized the need for a diversified mix of energy sources to meet rising demand.
The plan will consider replacing a domestic large-cap equity fund on watch status and approving a new asset allocation for its portfolio at its December board meeting.
The managing director recently left their role to join the family office of a prominent investor as its investment head.
The trust recently extended the contract of its incumbent investment advisor for four months as it looks to wrap up its search for the services in early 2026.
The firm has appointed a new regional v.p. for the Eastern territory to expand partnerships with registered investment advisors, financial advisors, family offices and institutions.
The foundation recently promoted its senior v.p. of finance to cfo to oversee its financial functions and systems, including its investments, after its cfo left for the same role at a Southwestern community foundation.