The university recently hired a managing director to help oversee its endowment after working for more than a decade at a Southern foundation, most recently as deputy cio.
The university is searching for a v.p. for finance and administration to manage its endowment and oversee its investment portfolio after its previous finance head left at the beginning of the year to join a boarding school as cfo.
The fund wrapped up its search for a firm to provide fixed-income investment management services for its portfolio at its May board meeting, selecting a firm over six others based on its fees and past performance.
The program approved changing an underlying emerging market det fund within its lineup due to outperformance and its investment consultant’s bias toward active management in the less efficient asset class.
The foundation will launch a search for its next cfo in late May or early June as its finance head recently left to take over as cfo at a nearby institution.
The university will consider two private equity commitments at its investment committee this week after increasing its target to the asset class last year.
The fund will consider closing its investment in an emerging markets index strategy and transferring the proceeds into a new passive vehicle with an existing manager to provide additional flexibility regarding its exposure to China.
The firm appointed its next president and head of global investing from an investment consulting firm as its current head will take on a newly created executive role as the firm’s first head of investment implementation.
The firm has raised more than $850 million of impact and sustainable capital since early 2021, including the close of its most recent impact fund, which is almost four times larger than its predecessor fund.
The Chicago-based firm closed its 14th buyout fund with $11.5 billion in aggregate commitments, exceeding its initial $9.25 billion target.