The system will consider making a growth private equity commitment at its Feb. 1 board meeting this month.
The system is searching for a director to help oversee and manage its portfolio with a focus on private equity.
The foundation has hired a cfo to help oversee its approximately $1 billion endowment as its finance head is set to depart after more than 16 years in the role.
The firm hired the investment and wealth management team of another investment advisory firm.
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The company has withdrawn nearly $40 million in additional funds from its endowment to cover expenses, but sees signs it may be emerging from its post-pandemic woes.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.