The fund approved a recommendation from staff and its general investment consultant to make a co-invest commitment to an infrastructure fund-of-one with an existing investment manager in its portfolio.
The investment consultant will provide strategic investment advice and maintain appropriate risk levels for the association’s portfolio, which could grow to $400 million in assets in the next decade.
The investment director for an asset manager recently left to join a southern hospital as a senior investment analyst to help oversee and manage its portfolio.
The board will hear a recommendation from staff and its investment consultant to approve a co-invest commitment to an infrastructure fund-of-one with an existing manager within its portfolio.
The firm closed its inaugural venture capital fund with more than $60 million in commitments from institutional investors, corporates, multi-family offices and other strategic backers.
The institute is seeking firms to provide investment management and consulting services for its more than $140 million in assets across endowment and non-endowment portfolios.
The foundation has added an investment analyst as well as a part-time investment assistant to aid in the oversight and management of its endowment and other assets.