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The university is set to allocate more to domestic stocks and private equity within its largest endowment portfolio after revising its target asset allocation last week.
The college has hired a new cfo to oversee its finances and investments after its previous finance head left at the beginning of the year for a new role.
The university has hired an investment advisory firm and added a managing director to its internal staff to help manage its endowment.
The search is being conducted as part of a previously approved investment consultant strategy.
The firm closed the fund with $2.75 billion in commitments, surpassing its $2 billion target.
The plan approved adding a dedicated high-yield component earlier this year.
The executive director of the $22.2 billion pension plan appears to have left the position.
The close of the fund marks the largest fundraise ever for the private markets firm.
The firm bolstered its fixed-income business with a hire that most recently served at Northern Trust Asset Management.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
