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RidgeLake Partners’ passive minority investment will provide Gridiron Capital with long-term capital to support its ongoing growth.
The commitments include private credit, infrastructure, farmland and real estate.
The city maintains a $157 million investment portfolio of operating and capital funds.
The global asset manager raised nearly $3 billion from institutional investors for its second private equity fund focused on impact investments.
The fund extended the watch list status for one of its domestic equity managers during its August board meeting despite improved performance over the last three quarters.
The foundation will initiate a search for its next president and ceo at the start of 2024 as its current head will depart after more than three decades at the organization.
The foundation’s cfo died unexpectedly at the end of the third quarter after seven years in the role.
A managing principal and consultant at the firm will leave in the first quarter after more than two decades of service.
The firm has launched an equity research group to further build and develop its efforts in the global sustainable energy, technology and infrastructure markets and hired a lead analyst to head the group.
The firm has acquired a North Carolina-based investment advisor and financial planning firm with more than $1.3 billion in assets.