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Private equity and venture capital firms that have predominantly women or people of color in ownership can provide another source of diversification and unlock access to differentiated deal flow for their limited partners and other investors, according to new research.
The foundation has rehired its incumbent outsourced cio following an invitation-only RFI process to determine whether it should be put services out for bid.
He will begin in the role next month, succeeding former CIO Brian Collett.
The firm has re-established its executive team leadership structure and “amicably” parted ways with its ceo.
The plan terminated an international equity manager that saw a personnel departure last year.
The plans have been working with their incumbent record keeper since 1977.
The search is required per state regulatory requirements.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The firm has hired a managing director of special situations.
The strategy exceeded its initial fundraising target of $450 million.