The university is seeking firms to provide discretionary investment management services for its endowment and will give preference to firms that can provide an African American as lead manager.
The firm closed its inaugural special situations fund with over $85 million in commitments from new and existing institutional investors after beginning fundraising in late 2021.
The firm added a senior advisor to assist its full-time team with relationships, resources and industry knowledge to help optimize results for its portfolio investments.
The system will hear presentations from four finalists next week in its search for a consultant to oversee its defined pension, defined contribution and operating funds.
The university is searching for an individual to implement and manage operations supporting the management of its endowment.
The university is an anchor investor in a Black-owned venture capital firm’s first strategy that closed last month with more than $60 million in commitments.
The asset manager has hired a head of technology and operations as it promoted its previous head to cio of retirement, marketing and digital client technology.
The firm has entered into a “leaders strategy” partnership to form a platform that aims to acquire companies and assets in the technology-enabled pharmaceutical solutions industry.
The system approved the commitment with an existing manager to continue to diversify the portfolio and realign to its asset allocation targets.
The university is seeking a firm to handle joint investment of bond proceeds services on behalf of itself, and two other universities in the state.