Daily Feed
The House Ways and Means Committee approved legislation to amend the current 1.4% excise tax on the net investment income of a higher education institution with a tiered system with a max excise tax equal to the corporate tax rate of 21%.
The fund has received more than $390 million in commitments.
The asset manager has launched a new service that offers institutional clients the ability to follow a sustainability-focused engagement and proxy voting framework and hired a managing director and head of sustainability stewardship to lead its team.
The new role unifies the asset manager’s global real estate offering and expands access to firmwide capabilities.
The foundation is looking to hire a director of corporate investment operations to develop and implement its investment operations framework in partnership with its general investment consultant.
The fund approved a venture capital commitment with an existing manager this month as part of its pacing plan to commit $140 million per year to the asset class.
Crestline Direct Lending Fund IV closed with $3.5 billion of investable capital across the fund, related vehicles and anticipated leverage.
The university considered a private equity buyout commitment and increasing its investments with two existing global public equity funds by $30 million at this week’s meeting.
The retirement system interviewed two private credit managers at its March investment committee meeting.
The firm has promoted two leaders focused on public markets in its investment managers business.