University on track to divest its endowment of all private investments in fossil fuel companies over the next thirteen years, according to a new report.

Investment policy adjustments to include sustainability considerations and a higher corporate bond cap.

University is pursuing clean energy investments to mitigate the negative impacts of climate change as it has barred public investments in fossil fuel companies.

Director of investments will help to establish and execute a comprehensive investment strategy and provide leadership in the continued development of the university’s investment office.

Foundation’s bylaws require the services be put out to bid every five years.

Foundation added venture capital, private credit and hedge fund commitments to its endowment earlier this month.