The foundation made a $12 million donation to the United Negro College Fund to provide permanent endowment capital to 12 selected member schools.
The university approved adding new private equity managers as well as re-upping a commitment with an existing venture capital manager within its endowment.
The firm is launching a venture capital fund that will invest in early-stage companies using climate technology and artificial intelligence to improve real assets.
The plan has hired a wealth management firm as its new investment manager and the firm has entered a strategic collaboration to modernize the college savings plan.
The foundation is searching for an investment analyst to serve as a generalist, assisting with analyzing performance and exposures as well as supporting the sourcing, screening and analyzing of prospective managers.
The firm announced the first close for its latest alternative credit investment strategy exceeding $1 billion in new capital commitments.
The fund will consider increasing portfolio leverage at its next board meeting as it also looks to reposition its venture capital program to exploit new market opportunities.
The discretionary advisor has hired a client services associate to support client relationships and portfolio communication across its approximately $3 billion in client assets.
The foundation has promoted its managing director and interim cio as its permanent cio after its cio left the role in May.
The university hired a new firm to provide investment management services for its financial assets as well as those of its foundation following a search from last year.