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The firm has appointed a managing director, head of capital raising and client solutions to drive capital formation and investor engagement.
There are no immediate plans to allocate funds to the manager but it will be an option for future use if needed.
The firm has added a managing director and head of private markets research from Ares Management.
The firm has expanded its private wealth management presence in Philadelphia with the addition of a wealth management team.
The plan committed $30 million to an existing private equity manager relationship at today’s board meeting.
The foundation is searching for an investment analyst focused on hedge funds to help its team in sourcing, analyzing and managing hedge fund managers.
The firm has added four members to its investment advisor business to deliver innovative solutions and services to support clients.
The foundation has launched the search for investment management services as a result of a five-year fiduciary review and the incumbent provider is allowed to rebid.
The university is looking to grow its private credit allocation to 10% of its overall portfolio following the approval of a new asset allocation.
The plan made four follow-on commitments totaling $625 million.