The fund approved private equity and private credit commitments with existing managers as recommended by its general investment consultant last week, with more recommendations expected in the coming months.
The institution has hired a new cfo to help oversee its investment portfolio.
The fund will review its investment policy and target asset allocation and may consider recommendations to change the policy at its board meeting.
The university revised the target asset allocation for its endowment last year, pivoting toward absolute return investments as well as public and private equity.
The company has withdrawn nearly $40 million in additional funds from its endowment to cover expenses, but sees signs it may be emerging from its post-pandemic woes.
The foundation has promoted its executive v.p. and cfo to president and its director of finance to cfo as its current ceo is set to leave at the end of the second quarter.
The firm hired two co-portfolio managers to lead its quantitative short-term strategy designed to identify top-down market regimes and systematically uncover patterns in price data.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
The foundation is searching for a senior v.p. to oversee its investment management and impact investing as its finance head left at the end of the year to pursue a new opportunity.
The sustainable investment platform made a strategic minority investment in a minority and woman-owned middle market private equity firm and the investment will provide growth capital to enhance the firm’s infrastructure, capital base, human capital and overall resources.