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.
The firm closed its third fund above its $550 million initial target with the support of existing investors and a substantial personal commitment from its team.
The firm hired a partner to co-lead its 20-person private equity and venture capital team from CalPERS.
The endowment hired an hired an outsourced cio to manage its newly created portfolio after hiring a president and ceo in the first quarter and selecting an investment coach to help develop investment policies in July 2021.
The college continues to seek an associate director/senior investment analyst as part of the build-out of its investment office.
The church helped seed a fund aimed to spur housing and economic development in New York City.