Announcements
The firm is acquiring a majority ownership stake in a U.S single-family residential credit investment manager in a deal that is expected to close in the first quarter.
The university elected five new board of trustees members, including two investment professionals, at its May board meeting.
The advisor is acquiring a West Coast emerging growth investment management firm to strengthen its presence in California as well as its private investment advisory platform.
The firm added a managing director for its sustainable infrastructure credit platform to assist with deal origination, sourcing, structuring and mobilizing capital.
The foundation established a new endowment to support core institutional needs at historically Black colleges and universities, including infrastructure, technology and institutional capacity.
The fund will spend down its entire endowment to zero after accelerating its planned spend-out with nearly $24 million in grants in the last 15 months.
The investment manager added a head of fixed-income trading and a director and portfolio manager of another asset manager as portfolio managers and managing directors on its emerging market debt team.
The foundation’s current finance head is set to retire at the end of the year after a decade of service.
The firm closed its inaugural venture capital fund with more than $60 million in commitments from institutional investors, corporates, multi-family offices and other strategic backers.
The venture and growth equity firm focused exclusively on healthcare companies recently completed the final close on its fourth fund.
