The firm has hired a director for its investment team and an operating partner to support its investment and ecosystem functions after recently closing an AI-dedicated fund.
The fund approved adopting changes to its target asset allocation at its September board meeting as it also made a $100 million infrastructure commitment.
The fund has received a gift from a philanthropist that will be used to support its $1 billion capital campaign and be invested in its pooled endowment to grow member institution portfolios.
The board voted to divest from companies owned or controlled by the Chinese Communist Party on Sept. 24 and expects the action to be completed by early 2026.
The foundation’s next investment head is joining from an investment management and advisory firm.
The firm has hired a senior portfolio manager to guide clients through challenging markets and identify investment strategies and allocations to meet their needs.
The firm named a new global co-cio to oversee its range of investment capabilities after one of its co-cios was recently named president.
The foundation is searching for two investment team members to help oversee its $2.5 billion in assets, including its $1.5 billion endowment.
The foundation’s previous investment head left earlier this year for the same role at a Midwestern foundation.
The system issued the RFP as it is looking to offer a competitive retirement plan.