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.
The university revised the investment policy for its short-term investment pool, broadening the investment guidelines to allow more flexibility to invest in short maturity, higher yielding U.S. government bonds and increasing the amount of commercial paper that can be held.
The firm hired a senior v.p. to further build out its investor relations practice and develop new Limited Partner relationships.
The medical center hired its first managing director for private investments following a search from the first quarter as its inaugural cio is building out an inhouse investment team.