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The corporation revised its investment policy statement, including a new strategic asset allocation that increased targets to domestic large-cap equity, non-U.S. developed equity, absolute return, private debt, infrastructure and cash.
The managing director recently left the institution after nine years of service to pursue a new opportunity.
The college is seeking an investment associate and a director of endowment administration to help oversee its endowment.
Largest schools reported the strongest one-year returns on average, which followed two years of smaller institutions outperforming, according to new report.
The mid-Atlantic organization has launched an online portal for project applications for its reconstruction investment fund, which looks to invest in critical minerals, hydrocarbons and related infrastructure.
The fund and its general investment consultant will consider segmenting the fixed-income allocation into core investment grade and return-seeking credit.
The $100 million investment followed finalist interviews at this month’s board meeting after the fund launched a search in late 2025.
The foundation recently promoted a director of investments to senior director of investments after it expanded its investment head’s role to cover its financial operations.
The state agency expects to issue an RFP for a firm to provide investment advisory and management services for its portfolio due to the impending contract expiration of its incumbent provider.
The foundation hired a new chief financial and investment officer to oversee its finance, investments and grants management following a search from last year.