The hires followed finalist interviews held at last month’s board meeting while the fund decided against hiring either of the two closed-end core real estate managers it considered.
The university has added two commitments as part of its initiative to invest 5% of its portfolio in impact investments, while reducing the carbon footprint of its portfolio over the last two years.
The associate will help in all facets of portfolio oversight as the foundation is looking to add capacity to help maximize its endowment and program-related investments and manage a complex, larger, more mission-aligned portfolio.
The foundation hired an investment director to focus on private market investments following a search launched earlier this year due to the promotion of the previous director to managing director in 2021.
The fund approved fully redeeming from a real estate manager this week due to continued underperformance as its strategy has been affected by its concentration in office and retail properties.
The foundation is searching for an investment analyst to manage its marketable investments portfolio after seeking an analyst focused on private capital and an analyst for its impact investment portfolio.