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The college will receive an approximately $55 million gift – the largest bequest in the institution’s 140-year history – and invest approximately $50 million in its endowment.
The global manager has finalized the second close of its fund targeting sustainably managed forestlands globally with approximately $335 million in commitments.
The firm has named its next president to lead its strategy and operations as its current president is set to retire after holding the position since 2006.
The nonprofit has named its next president and ceo as its current head is set to retire this summer after more than 25 years of service.
The college is searching for a firm to grow its cash reserves through low-risk liquid investment instruments that provide competitive market returns.
The university is seeking a firm to help establish and maintain an investment portfolio for its cash flow requirements utilizing low risk portfolio strategies.
The firm closed its latest flagship private market fund with nearly $4 billion in commitments from nonprofits and other institutional investors globally.
The state fund-of-funds has extended the deadline for proposals in its search for an investment consultant, which was launched earlier this year due to the upcoming contract expiration of its incumbent provider.
Correction: The Ohio University Foundation approved a distressed credit commitment totaling approximately $18 million to Beach Point Capital’s BPC Opportunities Fund V last year. Last week’s issue of Nonprofit News misstated the manager as Brighton Park Capital.
The hires conclude a search for managers to handle a $20 million allocation to the asset class.