The foundation has hired a director of impact investing to oversee its program-related and mission-related investment portfolio totaling more than $120 million.
The university recently increased its allocations to domestic equity and intermediate-term fixed-income following a recommendation from its outsourced cio, which completed an annual strategic asset allocation review.
The trust fund approved new international equity, private equity co-investment and a private credit secondaries investments during its board meeting last week.
The global investment manager and wealth management firm has acquired a Florida-based registered investment advisory firm as it looks to advance its footprint in Florida and the Southeast region.
Nonprofit investors should look for niche private credit opportunities as they can provide portfolio diversification and strong yields with less beta market risk than mid-market direct lending strategies, which represent the lion’s share of the private credit universe.
The university has hired a new v.p. for finance and coo to help oversee its fiscal and investment responsibilities following a search for the position from earlier this year.