An early-stage venture capital fund spun out of a university’s incubator announce its first close with $10 million in committed capital.
The position will be responsible for managing the full cycle of the authority’s investment process, overseeing the structuring, underwriting, negotiation, documentation and execution of bilateral project finance loans in technologies aligned with the Climate Act.
The new firm will provide investment management services for two separate externally managed fixed-income pools after the fund conducted a search last year due to the contract expiration of its incumbent.
The analyst will provide operational support for the university’s endowment and operational pools.
The university has successfully completed its goal of divesting its endowment from fossil fuel companies by 2025.
The university selected a discretionary advisor to select managers, handle executive asset allocation decisions, develop investment strategies and manage the investment processes after issuing an RFP for the services last year.
The university is searching for an investment analyst and investment operations analyst to help oversee and manage its endowment.
The university is seeking an analyst to be responsible primarily for the initial and ongoing evaluation of current and prospective investment managers across asset classes.
The foundation recently approved an equity investment with a diverse manager within its endowment and mission-aligned investment pool after tracking the firm for years through its investment consultant.
The two universities have signed a letter of intent to advance a proposed merger, which is subject to regulatory and accreditation approvals as well as a formal definitive agreement.