The Northeast-based firm completed the final closing of its first real estate hospitality fund with more than $275 million in equity commitments.
The university has elected four new members to its board of trustees, including one investment professional, and named a new board chair effective July 1.
The university added seven new members to its board of trustees, including one former investment professional and an operating advisor for a private equity firm.
The fund expects to receive recommendation from staff and its general investment consultant to hire extended equity 130/30 and multi-strategy hedge fund managers after approving a new asset allocation at its July board meeting.
The foundation expects to conduct a search for an investment advisor for its endowment later this year or early next year as its current advisor has struggled to recommend women- and minority-owned or led investment managers.
The college increased its endowment toward private equity and venture capital and increased its long-term ranges to the asset class for a second consecutive year.
The firm has hired a managing director and head of business development to expand its institutional business.
Firm lays out how an endowment or foundation can build a robust pipeline of diverse board members, starting with the creation of a board member matrix.
The global firm is acquiring the manager’s ETF business and infrastructure, which focuses on supply chain onshoring and energy transition.
The fund will consider hiring an overlay manager to synthetically replicate its public credit benchmark and policy index after holding a second reading and considering adopting proposed changes to its investment policy statement and strategic asset allocation.