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The institution retained its investment consultant to oversee its endowment funds following a search due to the incumbent’s contract expiration.
The university made private infrastructure, growth equity and venture capital commitments within its endowment during the third and fourth quarters.
The institution has named the ceo of a climate- and sustainability-focused venture capital firm as the new chair of its board of trustees.
The university revised the asset allocation for its endowment last year, increasing its allocation to private market investments at the expense of marketable alternatives.
The firm appointed a regional director of its Cleveland office to lead its team of planning, fiduciary and investment professionals.
The firm’s latest fund targeting value-added investments in hotels across the U.S. was oversubscribed after receiving commitments from endowments, foundations, public and corporate pension plans, insurance companies and wealth management firms.
The university added an analyst to help conduct research and analysis on financial markets as well as existing and prospective investment managers.
The college savings plan approved asset allocation changes to its actively managed and passively managed enrollment year investment portfolios at its board meeting last month in response to significant structural shifts seen in the market over a short period.
The firm recently expanded its leadership team with the appointments of two managing directors of institutional services.
The commitments include three new relationships for the plan.