The institution will continue pursuing private equity, venture capital, real estate and certain kinds of hedge funds after revising its asset allocation in the last six months.
The House Ways and Means Committee approved legislation to amend the current 1.4% excise tax on the net investment income of a higher education institution with a tiered system with a max excise tax equal to the corporate tax rate of 21%.
The university considered a private equity buyout commitment and increasing its investments with two existing global public equity funds by $30 million at this week’s meeting.
The firm has promoted two leaders focused on public markets in its investment managers business.
The firm has closed its first multi-asset continuation vehicle and secondary fund after receiving commitments from a group of new and existing limited partners led by Coller Capital.
The firm has opened an office in Abu Dhabi Global Market and named a head of Middle East to develop existing and nurture new client relationships.
The tribe is seeking an investment advisor to assist with the implementation and ongoing management of its investment program after it recently approved investment policy statements for its long-term investment portfolios and minor’s trust.
The organization’s current head is preparing to step down next year after extending their initial four-year commitment by a further six months.
The extended deadline will allow prospective consulting firms additional time to tailor their proposals after the foundation released responses to questions regarding the RFP process on May 8.
Jeffrey Nasser joined Strategic Investment Group as director of private markets in 2015 and has held a variety of titles at the Arlington, Va.-based outsourced cio, including managing director and deputy cio, before being promoted to co-cio at the start of the year. He took the time to answer five questions, plus a few extra, with FIN News.