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 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 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 has modified the timeline to conclude its search for a firm to advise and manage a portfolio to late December/early January from September/October.
The foundation has issued an RFP seeking an investment manager for its endowment as its bylaws require the services be put out for bid every five years.