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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.
Firm has made three senior hires for its North America distribution team.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The board was notified of a recent domestic high-yield fixed-income manager hire for two of its investment plans.
The incumbent will serve for a three-year term.
The plan hired a new emerging markets equity manager after interviewing three finalists today.
The plan recently extended the contract of its incumbent so it could conduct an RFP.
The firm has added a director of institutional client relations to support a recently hired director of institutional business development and consultant relations.
The acquisition would allow The Riverside Company to expand Townsend Group’s market position.