The fund is seeking information on creating a statewide community development financial institution to promote and integrate business development and access to capital opportunities for limited-income and underserved small businesses and communities in the state.
The university has issued an RFP seeking an investment consultant for its treasury pool as well as non-pooled assets that include an insurance reserve and healthcare trust.
The institution will consider financing agreements up to a total of more than 10% of the assets under management of two nascent companies created at the institution.
The position will identify investment niches and themes that could lead to compelling new investment opportunities as well as evaluate investment managers and the assets in their portfolios.
The firm’s previous chair transitioned to director emeritus.
The foundation is conducting the search for standard due diligence purposes and its incumbent advisor is allowed to rebid.
The firm’s current head will transition to serve as a board member to ensure continuity and a seamless transition.
The university has promoted its v.p. of finance to cfo to oversee its financial strategy as its finance head left the institution to take over a nearby nonprofit organization as ceo.
The fund will consider committing additional capital to two new managers within its endowment at its February board meeting.
The foundation is launching an impact investment fund dedicated to driving growth and technological advancement in the region through venture capital.