SpaceX is among the most widely held investments across colleges and universities, endowment executives say, likely making the rocket company’s coming IPO one of the great windfalls for American endowments.
Megan Hyman joined the Dallas Jewish Community Foundation as president and ceo in September 2022, leading oversight of roughly $384 million in charitable assets across donor-advised funds, nonprofit agency accounts, endowments and scholarships. She took the time to answer 5 Questions with FIN News.
The firm recently closed its oversubscribed inaugural fund at its hard cap after garnering commitments from endowments, family offices, foundations and funds-of-funds globally over the course of the last year.
The institution is seeking firms to provide investment advisory and quarterly investment performance monitoring services.
The university added private equity commitments with new and existing managers within its long-term pool in between its March and April board meetings.
The university hired an investment associate to be actively involved in all aspects of the investment and manager research process.
The university hired a cfo in the first quarter to oversee its financial operations, including financial management, resource allocation and planning.
The university is seeking an investment analyst to assist in the oversight of its endowment, charitable gift annuities and trust accounts.
The firm added a principal to its investment team to focus on evaluating, executing and managing investments across the industrials sectors.
The university is discontinuing its voluntary divestment from all publicly traded oil and gas companies as it has set a goal of achieving a net-zero endowment by 2046.