The foundation hired a new investment consultant to take over duties from its incumbent consultant later this year following a search for the services.
The university is seeking firms to assess middle office solutions within its investments office, including operations functions that bridge the gap between front office and back-office activities.
The investment consulting firm’s 58-member team and $124 billion in non-discretionary assets under advisement will move to Cresset in a deal expected to close later this year.