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The community foundation hired a new investment advisor in the fourth quarter, replacing its incumbent, which had been providing the services since at least 2012.
The alternative manager has hired a president to lead all functional areas and contribute to the firm’s continued development.
The new asset allocation includes a 5% private credit target.
The university is looking to add a manager of investment accounting and performance reporting to oversee reviewing transactions, account reconciliations and financial schedules, among other responsibilities.
The private equity v.p. recently left the firm to rejoin a foundation in the northeast as investment director, where they will support the management of a more than $2 billion portfolio.
He will join the plan at the beginning of next year from his current position at the University of Hawaii System.
The retirement system previously authorized a change to its $37 million investment with the hedge fund manager at a Feb.19 meeting.
The firm added a pair of consultant relations v.p.s.
The city hired a new administrator for its $11.1 million 457 and $2.7 million 401(a) plans last month.
He is responsible for private credit sourcing and deal origination in North America.