Asset Study/Review
Southern Fund Revises Investment Policy, Permits Investments In Privately Placed Securities

The fund approved a revision to its investment policy statement to lift its prohibition of privately placed securities as requested by one its international large-cap equity managers and recommended by its general investment consultant.

05.30.23
Alternatives
New England University Adds Distressed Debt, PE Commitments

The university approved distressed debt and private equity commitments with existing managers within its endowment at its May investment committee meeting.

05.30.23
ESG
Southern Endowment Expected To Notify Firm Of Ban From State Contracts

The fund is expected to notify one of its managers of its placement on the state’s initial list of 13 financial institutions that are banned from state contracts due to their boycotts of fossil fuel companies or failure to reply to a questionnaire.

05.30.23
Asset Study/Review
Western University Consolidates Retirement Plan Administrator, Rolls Out New Investment Lineup

The university will transition to a new core investment menu in early June for its defined contribution plan, 403(b) plan and student employee retirement plans with a sole administrator handling oversight.

05.30.23
ESG
Global Manager Holds First Close For Climate PE Strategy

The firm recently held a first close of its climate private equity strategy with $500 million in capital commitments.

05.30.23
International / Global / Emerging Markets
Great Plains Fund Swaps Emerging Markets Indexes; Expects To Add Portfolio Leverage In Next Strategic A/A

The fund approved closing its investment in an emerging markets index strategy and transferring the proceeds into a passive vehicle with two sleeves with an existing manager.

05.30.23
People
Southern University Hires New Finance & Admin. Head

The university hired a new vice chancellor for finance and administration from a nearby institution, which is now conducting a search for their successor.

05.30.23
Asset Study/Review
Southern Healthcare System Wraps Up Consultant Search; To Conduct New A/A Study

The healthcare system selected a new consultant to oversee its operating and pension funds following a search from last year and the firm will conduct an asset allocation study in its first year of engagement.

05.30.23
Asset Study/Review
New England University Updates Asset Allocation

The university updated the 2023 fiscal year investment policy targets for its endowment, increasing its targets to private equity and absolute return.

05.30.23
Real Estate
Real Estate Mgr. Launching Third Opportunity Zone Fund

The third opportunity zone fund comes after the firm held the final close of its second opportunity zone strategy in excess of its predecessor fund.

05.30.23