The firm expanded its Philadelphia multi-family office team with the appointment of a managing director to deepen relationships with private business owners, wealthy families, local endowments, foundations and nonprofit institutions in the region.
The university will consider a proposal to divest its endowment from companies that facilitate the Israeli occupation of Palestinian territory at its October meeting.
The institution will look to increase its commitments to private real assets over the next two years after adding a private real assets strategy within its endowment at its investment committee meeting last week.
The university will invite up to five investors to partner with its team to hone their investment approaches and receive funding to build their businesses, while harnessing the resources of the investment office and forging deep connections within the team and its network.
The firm has added two senior v.p.s of private market sales to focus on growing and diversifying its alternative solutions.
The firm has added investment vehicles from a leading global alternatives investment manager to its alternative investments access platform, which provides RIAs, broker-dealers and their clients access to private markets investments.
The fund approved terminating a core fixed-income manager and reallocating the assets with its two other existing fixed-income managers at its board meeting last week.
The foundation has launched a search for its next cio to help oversee its portfolio after its investment head left late last year to pursue new opportunities.
The foundation is seeking an investment strategist to provide strategic and practical investment advice and give guidance on endowment structure and governance.
The university will conduct a search for its next cio and president to oversee its investment management arm as its current head is set to step down from the role later this month.