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The fund will identify and pursue private credit opportunities in the U.S. and Canada.
She will provide solutions for existing investors, develop new limited partner relationships and execute on communications initiatives.
Commitment represents a new relationship for the plan.
Funding for the new investments will come from the plan’s existing high-yield mandate.
New domestic small-cap core mandate will complement existing small- to mid-cap and value investments.
As institutional investors increasingly embrace ESG investing and net-zero carbon emissions goals, suitable investment options have not kept pace, according to a recent report.
RFI for non-discretionary investment advisory services will result in an RFP process this summer as the organization’s bylaws require a search for the services to be conducted every five years.
The foundation has selected a new investment consultant to oversee its portfolio following a search from late 2021 and will recommend the firm to its board of trustees next month.
The fund will consider redeeming from a real estate manager next week due to continued underperformance as the strategy has been hampered by its concentration in office and retail.
